XP Alert: Johnson Fistel Launches Investigation into XP, Inc.; Investors Suffering Losses Encouraged to Contact Firm
XP Inc. - Class A (XP)
Company Research
Source: PR Newswire
SAN DIEGO, March 13, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against XP, Inc. ("XP" or the "Company") (NASDAQ: XP) for violations of federal securities laws. On or about December 13, 2020, XP sold about 72.51 million shares of stock in its initial public stock offering (the "IPO"), at $27.00 a share raising nearly $2.0 billion in new capital. However, since the IPO, XP stock has plunged, on March 13, 2020, the stock closed at $22.39.On March 6, 2020, The Winkler Group published a report raising numerous questions about the accuracy of XP's financials. The report raises questions regarding XP's asset values, revenue recognition, and tax deductions, and documents a pattern of regulatory noncompliance and questionable executive judgment.Following this news, XP's stock price fell 13.34%, on March 6, 2020.Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and
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XP
News
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- XP Inc. Q2: Good, But Not Enough To Change The Recommendation [Seeking Alpha]Seeking Alpha
- XP Q2 Earnings: On Track To Meet Its 2026 Financial Targets [Seeking Alpha]Seeking Alpha
- Foreign Investors Flock Back to Brazil Stocks as Fed Cut Nears [BNN Bloomberg (Canada)]BNN Bloomberg
- Drought Strains Brazil Hydropower Supply, Raising Energy Costs [Financial Post (Toronto, Ontario, Canada)]Financial Post
XP
Earnings
- 8/13/24 - Beat
XP
Analyst Actions
- 10/16/24 - JP Morgan
XP
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- XP's page on the SEC website