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Dec. 11, 2019, 12:03 p.m. EST

Brazilian financial services platform XP's stock soars 25% in trading debut

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By Ciara Linnane

XP

XP Inc. shares /zigman2/quotes/215406167/composite XP +2.89% soared about 25% Wednesday in their trading debut, after the Brazilian asset manager and financial services company priced its initial public offering above the price range. XP sold 72.5 million shares for $27 apiece, for a total take of $1.98 billion and an initial valuation of $13.75 billion. XP had targeted an IPO price of $22 to $25 a share, according to a filing with the Securities and Exchange Commission.

/zigman2/quotes/215406167/composite
US : U.S.: Nasdaq
$ 38.79
+1.09 +2.89%
Volume: 2.28M
Jan. 17, 2020 4:00p
P/E Ratio
102.24
Dividend Yield
N/A
Market Cap
$21.40 billion
Rev. per Employee
N/A
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