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The latest announcement is out from Xero Limited ( (AU:XRO) ).
Xero Limited has announced the acquisition of Melio Limited through a merger, alongside a capital raising initiative. This strategic move aims to enhance Xero’s market position by expanding its financial service offerings and increasing its operational capabilities. The equity raising involves an institutional placement of new shares and a share purchase plan for eligible shareholders, which is expected to bolster the company’s financial resources and support its growth strategy.
The most recent analyst rating on (AU:XRO) stock is a Buy with a A$170.00 price target. To see the full list of analyst forecasts on Xero Limited stock, see the AU:XRO Stock Forecast page.
More about Xero Limited
Xero Limited operates in the software industry, primarily offering cloud-based accounting software for small and medium-sized businesses. The company focuses on providing innovative financial management solutions to streamline business operations and improve financial visibility for its clients.
Average Trading Volume: 437,154
Technical Sentiment Signal: Buy
Current Market Cap: A$29.86B
Learn more about XRO stock on TipRanks’ Stock Analysis page.