Story image

Serko plans NZ stock exchange listing

14 May 2013

Auckland software company Serko plans to list on the New Zealand and Australian Stock Exchanges before September this year.

Owned by founders Darrin Grafton and Bob Shaw and a group of private equity partners, Serko currently transacts over AUD$5 billion in travel spend across the Asia Pacific region each year.

Now the company is now looking at the next phase in its growth plans and intends to dual list on the New Zealand and Australian Stock Exchanges.

Grafton and Shaw both believe they have the opportunity to develop “something really special” right here in New Zealand according to a statement released to the press.

Through Serko’s technology and patents they believe the company has the potential to be worth over NZ$1 billion within two years.

This will match the performance of high profile Kiwi accounting software company Xero and also put Serko in the league of companies like health software exporter Orion Health according to the owners.

All of Serko’s global competitors are publicly traded and each is valued well in excess of NZ$1 billion.

Serko says it has an "abundance of new developments on the boil including planned acquisitions, international growth and product enhancements."

The news follows reports that Wynyard Group is considering raising capital by an Initial Public Offering (IPO) and a listing on the NZX Main Board.

Microsoft appoints new commercial and partner business director
Bowden already has almost a decade of Microsoft relationship management experience under her belt, having joined the business in 2010.
Zoom’s new Rooms and Meetings features
Zoom has released information about the upcoming releases for its Rooms and Meeting offerings for 2019.
Aussie company set to democratise direct-to-orbit IoT access
Adelaide-based Myriota has released a developer toolkit that has been trialled and tested by a smart waste management platform.
Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.