NBR ONLINE put this to Mr Drury. "It’s certainly something we...

NBR ONLINE put this to Mr Drury.

"It’s certainly something we think about," the Xero boss said.

"We haven’t made any formal decision but it’s something for us to consider. If you think about building a global brand, that’s something that would be part of the playbook."

The company is looking at a potential Nasdaq listing in terms of a revenue rather than time.

Advice Xero has received is that a North American listing makes sense once a company hits the $US100 million revenue mark, Mr Dury said.

A walk in the clouds
NBR agrees with Woodward that the US market is key to Xero's success, and that it has a shot of becoming one of the top four accounting software vendors in that market.

There emergence of cloud computing is rewriting the rules in many markets. The move to internet computing has let to many company's reviewing their computer systems, giving newcomers like Xero a foot in the door.

http://www.nbr.co.nz/article/xero-market-cap-hits-cool-1-billion-ck-136959