Shareholder Alert: Robbins LLP Announces It Is Investigating XP, Inc. (XP) for Misleading Shareholders
XP Inc. - Class A (XP)
Company Research
Source: Business Wire
SAN DIEGO & SAO PAULO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that it is investigating XP, Inc. (NASDAQ: XP) for alleged violations of the Securities Act of 1933 pursuant to the company's December 2019 initial public offering ("IPO") and whether the Company's officers and directors breached their fiduciary duties to shareholders. XP operates technology-driven financial services platform that provides financial products and services in Brazil.If you suffered a loss as a result of XP's misconduct, click here.XP, Inc. (XP) Accused of Misleading Shareholders in IPO Registration Statement XP held its IPO on December 13, 2019, offering approximately 83 million shares at $27.00 per share for net proceeds of approximately $1,100 million. Then, on March 6, 2020, The Winkler Group released a report stating that XP had misled investors and failed to disclose pertinent information in its Registration Statement, including: (i) undisclosed related party transactions;
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XP
News
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- 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