For those of you holders who are interested in how Nearmap may...

For those of you holders who are interested in how Nearmap may be perceived by USA investment market, it may be instructive to have a quick look at today's announcement by XERO (ASX:XRO).
Xero provides web-based accounting and related products to AU, NZ and now expanding into USA.
It has today attracted >USD$100M of new equity (at a premium) from US investors to fund its currently loss-making expansion into USA etc.
Share price up ~25% today (~45% for week - coulda been some leakage of info??).
My takeout is that, when USA investors get interested in a scalable IT-related growth stock, big money can really flow into it and sp can respond a lot!
My comparison with nearmap:
- XERO has bigger market cap and its potential market is bigger
- XERO yet to be profitable cf nearmap profitable
- XERO needs new equity to fund expansion, nearmap does not
So, when will US investors get interested in nearmap???
....perhaps when we start seeing takeup of US nearmap products
and then it could look very good for holders.
DYOR