Xero’s North American gamble

Cloud accounting services provider Xero is trying to turn blue sky into reality by taking on the industry leader on its own turf.

Had you invested in employment classifieds site Seek when it first listed in 2005, you would have a sixbagger now. Investors in real estate classifieds site REA Group have done even better, with its price rising 45-fold since its listing in 1999.

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