Shareholder Alert: Robbins LLP Reminds Investors XP, Inc. (XP) Sued 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 reminds investors that a purchaser of XP, Inc. (NASDAQ: XP) filed a class action complaint against the Company for alleged violations of the Securities Act of 1933 pursuant to the company's December 2019 initial public offering ("IPO"). 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 According to the complaint, 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. In its Registration Statement, XP continuously touted its technological prowess, advancement and position, stating in relevant part "[XP's] technology is a significant competitive advantage for XP… that enables [it] to differentiate XP in the market." Then, on March 6, 20
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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