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
- Lula's Weakened Spending Cut Plan Wins Final Congress Approval [Yahoo! Finance]Yahoo! Finance
- A 1130% Share Price Rally Draws Questions From Brazil's Stock Exchange Operator [Yahoo! Finance]Yahoo! Finance
- XP Inc. (XP): Among the Oversold Global Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Lula Ignores Aides and Sparks Market Rout That Threatens Economy [Yahoo! Finance]Yahoo! Finance
- XP Inc. Q3: Modest And Without Triggers For Abrupt Improvement [Seeking Alpha]Seeking Alpha
XP
Earnings
- 11/19/24 - Beat
XP
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- XP's page on the SEC website