Investors consider XP listing

Investors consider XP listing

Capital Markets Corporate & Sovereign Strategy Equity Funds IPO Brazil US

Investors are working to make sense of the announcement from XP Investimentos that it could conduct an IPO next year on the Nasdaq stock exchange in New York. A fund manager in São Paulo said the Brazilian financial services firm is likely looking to raise more funding after the sale last year of 49.9% to Itaú Unibanco did not bring in as much money as expected. "XP has been growing very fast, and I see their announcement [to list on Nasdaq] as Plan B to get cash because Plan A [the Itaú sale] h

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