SÃO PAULO, Brazil, Dec. 07, 2020 (GLOBE NEWSWIRE) — XP Inc., or XP (Nasdaq: XP) introduced right this moment the closing of its underwritten public providing of 31,654,894 Class A typical shares, 7,130,435 of which have been issued and bought by the Firm and 24,524,459 of which have been bought by ITB Holding Brasil Participações Ltda. at a public providing price of US$39.00 per share. The providing was made pursuant to a registration assertion on Type F-1 filed with the U.S. Securities and Trade Fee (“SEC”).
In reference to the providing, XP and the promoting shareholder have granted the underwriters the choice to buy as much as 4,135,122 extra Class A typical shares on the public providing price much less the underwriting low cost.
Copies of the ultimate prospectus associated to the providing may be obtained from: XP Investimentos, Tower 45, 55 West 46th Street, 30th Flooring, New York, New York 10036; Itaú B(BA), 540 Madison Avenue 24th Flooring, New York, New York 10022, Consideration: Fairness Gross sales Desk, phone: 1-212-710-6756 or by emailing firstname.lastname@example.org; Morgan Stanley, Consideration: Prospectus Division, 180 Varick Street, 2nd Flooring, New York, New York 10014; or J.P. Morgan, c/o Broadridge Monetary Options, Consideration: Prospectus Division, 1155 Lengthy Island Avenue, Edgewood, New York 11717, phone: 1-866-803-9204.
A registration assertion on Type F-1 relating to those securities has been filed with, and declared efficient by, the SEC. Copies of the registration assertion could be accessed by way of the SEC’s web site at www.sec.gov. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
XP is a number one, technology-driven platform and a trusted supplier of low-fee monetary services and products in Brazil. XP’s mission is to disintermediate the legacy models of conventional monetary establishments by:
- Educating new lessons of traders;
- Democratizing entry to a wider vary of economic companies;
- Growing new monetary merchandise and know-how functions to empower purchasers; and
- Offering high-quality customer support and shopper expertise within the business in Brazil.
XP gives clients with two principal varieties of choices, (i) monetary advisory companies for retail purchasers in Brazil, high-net-worth purchasers, worldwide purchasers and company and institutional purchasers, and (ii) an open monetary product platform offering entry to over 750 funding merchandise together with fairness and stuck revenue securities, mutual and hedge funds, structured merchandise, life insurance coverage, pension plans, real-estate funding funds (REITs) and others from XP, its companions and opponents.
Ahead Wanting Statements
This press launch comprises “forward-looking statements” throughout the that means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they have been first issued and have been based mostly on present expectations, estimates, forecasts and projections in addition to the beliefs and assumptions of administration. Phrases resembling “expect,” “anticipate,” “should,” “believe,” “hope,” “aim,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of those phrases or the detrimental of those phrases and comparable expressions are meant to establish these statements. Ahead-looking statements are topic to quite a few dangers and uncertainties, a lot of which contain elements or circumstances which can be past XP Inc.’s management.
XP Inc’s precise outcomes may differ materially from these said or implied in forward-looking statements attributable to a number of elements, together with however not restricted to: competitors, change in purchasers, regulatory measures, a change in exterior forces, amongst different elements.
For any questions, please contact:
|Carlos Lazar, Head of Investor Relations||Investor Contact: email@example.com|
|André Martins, Investor Relations Specialist||IR Web site: traders.xpinc.com|
|Natali Pimenta, Investor Relations Analyst|