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Xero Raises A$1.85bn to Acquire Melio, Accelerating US Market Push
8:54am on Thursday 26th of June, 2025 AEST
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Technology
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Xero Raises A$1.85bn to Acquire Melio, Accelerating US Market Push
8:54am on Thursday 26th of June, 2025 AEST
Key Points
A$1.85 billion fully underwritten institutional placement completed
Approximately 10.5 million new shares issued at A$176 each
Funds to support acquisition of US-based Melio Limited
Non-underwritten Share Purchase Plan targeting ~A$200 million for retail investors
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