November 19, 2019
Brazil's XP Inc. has filed for an initial public offering (IPO) on the Nasdaq stock exchange in New York.
The online brokerage firm has hired Goldman Sachs, Itaú BBA, JPMorgan, Morgan Stanley and XP Investimentos as the global coordinators. It has also picked Bank of America, Citi, Credit Suisse and UBS as the joint bookrunners, XP said in a securities filing.
XP said it planned to raise $100 million from the IPO, but the US research firm Renaissance Capital said the company could earn up to $1
Brazilian brokerage firm could raise $1 bln from listing shares on the US exchange