XP files for IPO on Nasdaq

XP files for IPO on Nasdaq

Equity Capital Markets Corporate & Sovereign Strategy Brazil US

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

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