What is the relationship between Xero and New Zealand in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Shareholders in New Zealand company Xero made 330 per cent in 2013 and lost 50 per cent in 2014; MYOB's share price has lost 10 per cent since its float in May; 1-Page is up 780 per cent in one year.

Answer: location_of_formation