The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.
Analysts say Xero is paying a high multiple to buy US payments company Melio, but are positive about the strategy and the growth prospects.
The meaty deal will be partly funded through an A$1.85b capital raising.
The distribution chain lost market share by focusing on retail and moving away from a joint venture model, the company admits.
The IPO valued Virgin at A$2.28b, but the strong debut pushed that up to A$2.46b.
Investor day presentation documents reveal restructuring costs and write-offs totalling $300m to $500m.
A potential oil price shock could put pressure on New Zealand households and businesses, analysts say.
NYSE-listed Shift4 Payments offers $1.20 a share in cash.
Trade-related software company also continues to explore further capital sources including both debt and equity.
The company had been urged to reject ‘lowball’ offer from Hong Kong billionaire Li Ka-shing.