Xero responds to 'please explain' letter from NZX as shares fall sharply
Stock now down 46% over the past three months. Pacific Edge, Wynyard and newcomer Serko also caught in tech sell-off.
UPDATE: Investors and analysts have been puzzling over Xero's sharp price drop over the past few days — a period that has included no major announcements. Turns out the market operator was, too.
NZX issued Xero with a "please explain" letter.
Writing to Xero CFO Ross Jenkins, market
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Chris Keall
Tue, 24 Jun 2014
Tue, 24 Jun 2014
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Xero responds to 'please explain' letter from NZX as shares fall sharply
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