trending Market Intelligence /marketintelligence/en/news-insights/trending/DDtdEDGJV9LJqIy3cfI8Ng2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Shares of Brazil's XP surge in Nasdaq debut

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Shares of Brazil's XP surge in Nasdaq debut

Shares of Brazilian financial services company XP Inc. on Dec. 11 closed their first day of trading on the Nasdaq at $34.46 apiece, about 28% above their initial public offering pricing.

The company had priced its IPO at US$27 per share, though its initial range was $22.00 to $25.00 per piece.

During the offering, the company and some existing shareholders issued and sold a total of 72,510,641 class A common shares. Underwriters have the option to purchase up to an additional 10,876,596 shares. The Dec. 11 closing price puts XP Inc.'s market cap at $19 billion.

If the overallotment option is fully exercised, the amount raised under the IPO would rise to about $2.25 billion from a projected $1.96 billion.

According to Bloomberg, XP's IPO is the largest U.S. listing by a Brazilian company since PagSeguro Digital Ltd.'s 2018 offering, which was worth US$2.61 billion.

Meanwhile, XP CEO Guilherme Benchimol said a listing on the Brazilian stock exchange is a possibility, but this would require regulatory changes in the Latin American country, Estadão reported.

Under Brazilian law, XP is confined to restrictions such as its dual class structure of the offering, where class B shareholders holding 10x more votes than class A shareholders. At the same time, super common shares are not allowed under Brazilian law, but changes to this regulation are now being studied.