Brazilian Securities Firm XP Aims At US$6.4 Billion Valuation In IPO

Brazilian securities firm XP Holding Investimentos SA is seeking a valuation range between BRL12 billion and BRL20 billion (US$3.9 billion and US$6.4 billion) for a domestic initial public offering slated for late May or in June, two people with direct knowledge of the plan said.

 

Depending on investor demand in the run-up to the offering, shareholders, led by U.S. buyout firm General Atlantic LLC, could sell an undetermined stake in a private placement prior to the IPO, the people said, asking not be identified since talks on the matter remain private.

 

Read the full story on Reuters here.

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