trending Market Intelligence /marketintelligence/en/news-insights/trending/88JGuuYIOnBTzskLl9q8rA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: XP Investimentos resumes talks for planned IPO

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Report: XP Investimentos resumes talks for planned IPO

XP Investimentos Corretora de Câmbio Títulos e Valores Mobiliários SA has resumed discussions with the banks it hired in 2017 for its planned IPO, Valor Econômico reported.

According to the newspaper, the Brazilian brokerage plans to debut in the stock market in the United States in January 2020.

The company's planned IPO in 2017 did not materialize after Itaú Unibanco Holding SA bought 49.9% of XP's total share capital in May that year.

XP then announced plans to postpone the IPO to the end of 2019 or more likely until 2020 due to lingering political and economic uncertainty in Brazil.

According to Valor's two unnamed sources, the brokerage would no longer hire Banco BTG Pactual SA and Banco Safra SA to help with the offering. JPMorgan, Itaú BBA, Morgan Stanley, Bank of America Merrill Lynch, Bradesco BBI, Goldman Sachs and XP itself would reportedly coordinate the IPO, according to the newspaper.

The IPO is expected to move $2.5 billion. Itaú will not be selling its shares in the secondary offering, according to the report.