XP announces share sale

XP announces share sale

Equity Capital Markets Funds Asset Management Brazil United States

Brazilian brokerage firm XP Inc. said Monday that it could move $1.33 billion in a follow-on equity offering on the Nasdaq stock market, based on the maximum expected price of $42.07 per share. The offering involves at least 27.6 million common shares, including 7.13 million from XP and 20.4 million shares from Brazilian bank Itaú Unibanco. The underwriters Itaú BBA, Morgan Stanley, JPMorgan and XP itself can buy an additional 4.13 million share sin the offering, XP said in a statement. Shares i

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