Xp Inc. Stock Price, News & Analysis

XP Inc. (Nasdaq: XP) has announced the pricing of a public offering of 19,535,420 Class A common shares at $42.50 per share, set to close around July 7, 2020. The shares are being offered by General Atlantic and XP Controle Participações S.A., with no proceeds going to XP. Underwriters also have a 30-day option to purchase an additional 2,930,313 shares at the same price. Major coordinating firms include XP Investimentos, Morgan Stanley, and Goldman Sachs, among others.

XP Inc. (Nasdaq: XP) announced preliminary financial results for Q2 2020, forecasting gross revenue between R$1,850 million and R$1,980 million, marking a 50%-60% increase from R$1,236 million in Q2 2019. Adjusted net income is anticipated to be R$420 million to R$520 million, up from R$228 million a year prior. The adjusted net margin is expected to range from 24% to 28%, compared to 20% in the previous year. Additionally, net inflows for June 2020 are projected to be R$10 billion to R$12 billion, a notable increase from R$8.3 billion in May.

XP Inc. (Nasdaq: XP) announced a public offering of 19,535,420 Class A common shares by selling shareholders General Atlantic (XP) Bermuda, L.P. and XP Controle Participações S.A. The underwriters will have an option to purchase an additional 2,930,313 shares. XP will not receive any proceeds from this sale. XP Investimentos, Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as Global Coordinators and Joint Bookrunners for the offering. A registration statement has been filed with the SEC but is not yet effective.

XP Inc. (Nasdaq: XP) has launched DuAgro, an innovative platform designed to democratize access to credit for small and medium-sized Brazilian rural producers in partnership with VERT, the largest agribusiness securitizer in Brazil. DuAgro aims to streamline the credit approval process, making it 100% digital and removing the need for guarantees. With agribusiness contributing 25% to Brazil's GDP, the initiative addresses the challenges these producers face in accessing financing, which is typically dominated by larger entities.

XP Inc. (Nasdaq: XP) has announced key performance indicators for May 2020, showing positive growth amidst the COVID-19 pandemic. As of May 31, the total assets under custody (AUC) reached R$412 billion, a 13% increase from the previous quarter, driven by R$15 billion in net inflows and R$31 billion in market appreciation. Monthly net inflows rose to R$8.3 billion, and active clients increased to 2.2 million. XP maintained its leadership in the retail equity market with 25% custody market share

XP Inc. (Nasdaq: XP) will host a business update web meeting on June 23 at 4:00 PM ET (5:00 PM BRT), featuring CFO Bruno Constantino and Head of Investor Relations Carlos Lazar. The session will include a Q&A moderated by analysts from Citi and UBS. Interested participants can register through the provided link. A replay will soon be available on XP’s investor relations website. XP is committed to democratizing financial services in Brazil by educating investors and offering a range of low-fee products and advanced technology solutions.

XP Inc. (Nasdaq: XP) has appointed José Berenguer as CEO of Banco XP S.A. to lead the expansion of its wholesale bank business. Berenguer, who previously served as CEO of J.P. Morgan in Brazil, will focus on innovating financial products and deepening client relationships. The company, recognized for its low-fee financial services, aims to transform Brazil's financial landscape, targeting underserved corporate clients. XP's mission includes democratizing financial services and empowering investors through technological advancements.

XP Inc. (Nasdaq: XP) has announced the acquisition of DM10, a marketplace connecting independent distributors with top Life Insurance and Pension Plan products. This acquisition aims to enhance XP's distribution network in the insurance sector. DM10, with around 1,000 active brokers, will benefit from XP's technology and support. XP Seguros, the company’s insurance arm, reported rapid growth and leads in net contributions in the pension industry. The move is part of XP's strategy to democratize access to high-quality financial products in Brazil.