​High-flying Serko eyes up Aussie with dual listing

“Our job is to keep building the sector and have it as a joint New Zealand and Australian business.”

Serko plans to list on the ASX this year, as the New Zealand technology travel firm continues its expansion overseas.

The Auckland-based company - which listed on the NZX main board in June 2014 - currently has a market value of $60 million, with 90 percent of its business now in Australia.

“We are looking to dual-list in Australia,” says Darrin Grafton, CEO, Serko.

“Our job is to keep building the sector and have it as a joint New Zealand and Australian business.”

According to Grafton, Serko raised $8 million within nine days during a recent initial public offering, and has enough capital to last the company two years.

In counting Microsoft, BMW and KPMG as key clients, the growing tech firm has over two million customers accessing its online booking tool, and targets 2017 as the year of profitability.

Across the ditch, Grafton says Serko has struck up a deal with the Queensland government, affording the company 98 percent of the department’s travel bookings.

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