|Bid||37.82 x 800|
|Ask||38.00 x 900|
|Day's Range||34.10 - 38.32|
|52 Week Range||32.10 - 38.32|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK, Dec. 13, 2019 -- XP Inc., or XP (Nasdaq: XP), announced today the closing of its initial public offering of 83,387,237 of its Class A common shares at a public.
XP Inc. shares soared about 25% Wednesday in their trading debut, after the Brazilian asset manager and financial services company priced its initial public offering above the price range. XP sold 72.5 million shares for $27 apiece, for a total take of $1.98 billion and an initial valuation of $13.75 billion. XP had targeted an IPO price of $22 to $25 a share, according to a filing with the Securities and Exchange Commission.
XP Inc. , a provider of brokerage, investment-advisory and asset-management services in Brazil, priced its initial public offering higher than it projected Tuesday evening to pull in almost $2 billion. XP announced that it will sell about 72.5 million shares for $27 apiece, for a total take of $1.98 billion and an initial valuation of $13.75 billion. XP had targeted an IPO price of $22 to $25 a share, according to a filing with the Securities and Exchange Commission. The company is selling about 42.6 million shares, while shareholders are putting up nearly 30 million. Underwriting banks - which includes XP itself - have access to an additional 10.9 million shares from selling shareholders, which could drive the totals higher. XP shares are now expected to begin trading Wednesday morning on the Nasdaq Global Select Market under the ticker symbol XP.
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. XP Inc. (NASDAQ: XP ) will issue more than 72.5 million shares between ...