IFLR1000

XP Investimentos Nasdaq IPO

11/12/2019
IPO
Select tab

Af 2 billion

Completed

11/12/2019

Overview:

  • Brazilian financial services company XP Investimentos undertook its IPO on Nasdaq.
  • The issuer raised $2 billion selling 72.5 million shares at $27 each, giving it a market cap of $14.9 billion (the largest valuation of a Brazilian company trading in the states to date).
  • The IPO was the fourth largest in the US in 2019. 

Ben Naylor - Editor

Jurisdictions:

United States
Brazil
New York

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sectors:

Financial services
Technology and telecommunications

Firms:
BMA - Barbosa Müssnich Aragão

Party: XP Investimentos (Issuer)

Davis Polk & Wardwell

Party: XP Investimentos (Issuer)

Lawyers: Byron Rooney, Manuel Garciadiaz

Related deals