New Dotcom era in more ways than one

IT businesses are busy seeking funding to fuel their expansion; they are seeking investors directly, or going to the stock markets.

Among the most successful to date is Xero, an accountancy software company headed by Rod Drury. In just a few years since its first initial public offering (IPO), it has grown into a business that generates revenues of NZ$1 billion-plus per year, something seen as a fine example for others to follow.