Ann: Xero prices zero coupon US$700m convertible notes, page-11

I do just wonder whether this is all part of a push for a NASDAQ dual listing. It's been a longstanding rumour, but perhaps they feel their market cap and increased exposure puts them in a good position to do it. Acquisitions and upping their marketing spend there would help, but there's something about being listed on the NASDAQ alongside their contemporaries, eg Salesforce and Square and Intuit the like that would give them instant credibility, profile and exposure to the US market. With the size of the company now and ACMR approaching $1b, it just feels like the time might be right soon to make the move?