Corporate travel technology company Serko plans to raise NZ$20m and list 25% of the company on the New Zealand and Australian stock exchanges later this year. Co-Founder Darrin Grafton claims the company’s primary product, the Serko Online corporate travel booking engine, dominates its market sector in Asia-Pacific. He told Stuff.co.nz that Serko “can be profitable” now but isn’t with excess cash invested back into the business. The money raised will be used for product and sales development. Full story.
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