Xp Inc. Stock Price, News & Analysis

XP Inc. (Nasdaq: XP) has acquired Riza M&A, an independent financial advisory firm, to enhance its M&A capabilities. This acquisition aligns with XP's strategy to strengthen its Capital Markets ecosystem and better serve corporate clients. Riza’s experienced team, including CEO Marco Gonçalves, will join XP’s M&A division. XP aims to become a leading option for M&A services in Brazil, leveraging this acquisition to expand its service offerings in the growing Brazilian Capital Market.

XP Inc. (Nasdaq: XP) has completed a public offering of 31,654,894 Class A common shares, priced at US$39.00 each. The sale included 7,130,435 shares from the company and 24,524,459 shares from ITB Holding Brasil Participações Ltda. The underwriters were granted an option to purchase an additional 4,135,122 shares. XP aims to disrupt traditional financial models in Brazil by offering low-fee financial products and services, supporting investor education, and enhancing access to diverse financial services.

XP Inc. (XP) announced the pricing of a public offering of 31,654,894 Class A common shares at $39.00 per share. This includes 7,130,435 shares from the company and 24,524,459 from ITB Holding Brasil Participações Ltda. The offering will close on or around December 7, 2020, subject to standard conditions. Underwriters have an option to purchase an additional 4,135,122 shares. Global Coordinators include XP Investimentos, Itaú BBA, Morgan Stanley, and J.P. Morgan. This move aims to strengthen XP's market position in Brazil's financial sector.

XP Inc. (XP) announced a public offering of 27,567,485 Class A common shares, with 7,130,435 shares from the company and 20,437,050 shares from ITB Holding Brasil Participações Ltda. The underwriters, including XP Investimentos, Itaú BBA, Morgan Stanley, and J.P. Morgan, may purchase an additional 4,135,122 shares. The registration statement on Form F-1 with the SEC has been filed but is not yet effective, meaning shares cannot be sold until it is. This offering aims to enhance XP's position in Brazil's financial services market.

XP, a leading financial services provider in Brazil, announced that Itaú Unibanco's board approved a spin-off of its 41.05% stake in XP into a new company, Newco. This spin-off may include a sale of 5% of XP’s shares. XP is exploring corporate structures to align interests with Itaú and improve governance, focusing on eliminating conflicts and leveraging capital structure. A potential merger of Newco into XP is under evaluation, which would facilitate the issuance of Class A shares to Newco shareholders, ensuring long-term benefits for XP and its stakeholders.

XP Inc. (NASDAQ: XP) reported record revenue of R$2.2 billion for Q3 2020, a 55% year-over-year increase, surpassing its long-term target of 35% growth. The company generated gross revenue of R$8.0 billion over the last 12 months, marking a 148% increase compared to 2018. Active clients rose 72% year-over-year to 2,645,000, with significant growth in its retail and institutional segments. Adjusted net income surged 119% to R$570 million, with an adjusted net margin of 27.1%. Investments in technology and the IFA network are aimed at capturing more market share from traditional banks, despite a modest current market share of approximately 10%.

XP Inc. (Nasdaq: XP) has corrected the timing of its upcoming earnings webcast for Q3 2020 financial results. The webcast will now take place on November 9, 2020, at 5:00 PM ET (7:00 PM BRT). This correction follows an earlier release with the wrong time.

XP is a leading financial services platform in Brazil, focusing on low-fee products and customer education. The company aims to democratize access to financial services and improve the client experience.

XP Inc. (Nasdaq: XP), a leading financial services platform in Brazil, announced a webcast for its Q3 2020 financial results on November 9, 2020, at 5:00 PM ET. This follows the press release with results that will be available after market closure on the same day. XP aims to revolutionize financial services by democratizing access and providing innovative products. The replay of the webcast will be on XP's investor relations website.

XP Inc. (Nasdaq: XP) reported robust 3Q20 KPIs, highlighting strong growth across various metrics. Assets Under Custody (AUC) reached R$563 billion, a year-over-year increase of 60% and a quarter-over-quarter rise of 29%, driven by R$117 billion in net inflows. Active clients surged by 72% year-on-year, supported by enhanced brand recognition. Additionally, Retail Equity DARTs experienced a significant 181% growth compared to 2019. The company achieved an NPS of 69, reflecting high customer satisfaction. Overall, XP continues to capitalize on the shifting investment landscape in Brazil.