"This is a once-in-a-lifetime opportunity to build a real significant company from New Zealand and so far it's playing out as we hoped."
"Milford Asset Management executive director Brian Gaynor said Xero could, within the next few years, become New Zealand's biggest company in terms of market capitalisation."
"Gaynor, whose firm holds shares in Xero on behalf of clients, said the massive rise in the company's share price was being driven by United States-based investors who were more interested in customer acquisition than the more traditional methods of analysing businesses, such as earnings multiples."
and just for some balance
"But Drury admits that Wellington-based Xero's soaring share price means the business, which is yet to turn a profit, faces increasingly high expectations from investors."
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