XP News

2019 IPO Market: Better Than the Headlines The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork’s kamikaze IPO attempt in September. But beyond these headline-grabbing disappointments, the IPO market had a mostly good year. Returns averaged 20%, with 159 IPOs raising $46...read more

Five IPOs and three SPACs raised a combined $3.2 billion this past week led by Bill.com (BILL) in the best debut of the quarter with a 61% first day pop. Four companies submitted initial filings. The week’s best performer, Bill.com (BILL) raised the range and priced above it to raise $216 million at a $1.7 billion market cap....read more

XP, a fast-growing digital brokerage and wealth manager in Brazil, raised $2.0 billion by offering 72.5 million shares (41% secondary) at $27, above the range of $22 to $25. At $27, XP commands a market value of $14.9 billion. XP plans to list on the Nasdaq under the symbol XP. Goldman Sachs, J.P. Morgan, Morgan Stanley, XP Investimentos, Itau BBA, BofA Securities, Citi,...read more

Five IPOs and one SPAC are scheduled to raise $2.7 billion in the week ahead, led by Brazilian brokerage XP (XP). After being virtually absent in the 4Q19, two US tech companies are expected to IPO, including one with a billion-dollar-plus proposed...read more