Xero is raising A$1.85bn to partially fund its Melio acquisition. The issue price is a 9.4% discount to last and is fully underwritten. Passives will mop up over 20% of the issued shares.
What is covered in the Full Insight:
Xero's Capital Raise
Melio Acquisition Details
Institutional Placement and Share Purchase Plan
Stock Price and Short Interest
Index Implications and Passive Buying
SUMMARY
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