XP Inc. (XP) Announces Proposed Public Follow-On Offering

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Go back to XP Inc. (XP) Announces Proposed Public Follow-On Offering

XP Inc. Announces Proposed Public Follow-On Offering

November 30, 2020 4:40 PM EST

SÃO PAULO, Brazil, Nov. 30, 2020 (GLOBE NEWSWIRE) -- XP Inc., or XP (Nasdaq: XP) announced today the commencement of an underwritten public offering of 27,567,485 Class A common shares, 7,130,435 of which are being offered by the Company and 20,437,050 of which are being offered by ITB Holding Brasil Participações Ltda. pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (SEC). In connection with the offering, XP and the selling shareholder intend to grant the underwriters the option to purchase up to 4,135,122 additional Class A... More