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Xero Limited ( (AU:XRO) ) just unveiled an announcement.
Xero Limited has opened its Share Purchase Plan (SPP) to eligible shareholders, allowing them to acquire up to A$30,000 worth of new shares without incurring brokerage or transaction costs. The SPP aims to raise approximately A$200 million, with the funds intended for general corporate and working capital purposes. The offer is designed to provide shareholders who missed the previous placement an opportunity to invest, potentially enhancing Xero’s capital base and market positioning.
The most recent analyst rating on (AU:XRO) stock is a Buy with a A$158.20 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 is a global platform tailored for small businesses, offering essential tools such as Accounting, Payroll, and Payments. The platform is designed to help businesses automate routine tasks and gain timely insights, enhancing their operational efficiency.
Average Trading Volume: 496,554
Technical Sentiment Signal: Buy
Current Market Cap: A$28.19B
See more insights into XRO stock on TipRanks’ Stock Analysis page.