Xero shares fall after it announces surprise decision to delist from NZXMAARTEN HOLL/STUFF Xero boss Rod Drury encourages young tech firms to list on the NZX, even though it's leaving. Xero's decision to delist from the NZX has been labelled a "huge red flag" for the local exchange by an Auckland fund manager. "As a percentage of GDP, the New Zealand sharemarket is small relative to other developed economies and New Zealand investors have been the losers. Trading in Xero shares will cease on January 31 and it will delist from the exchange on February 2. He "thanked" the NZX for "providing a valuable platform to support Xero's first decade as a public company".

Source: Stuff November 08, 2017 20:03 UTC