Brazil broker XP Investimentos files for IPO

Banco Bradesco

10/05/2017 20:25

SAO PAULO, May 10 (Reuters) - Brazilian brokerage firm XP 
Investimentos SA filed on Wednesday with securities regulator 
CVM for an initial public offering that will include secondary 
share offerings. 
    According to the filing, XP has hired JPMorgan Chase & Co. 
 JPM.N  as leading underwriter, alongside the investment banking 
units of Itaú Unibanco Holding SA  ITUB4.SA , Morgan Stanley 
 MS.N , Banco do Brasil SA  BBAS3.SA , Grupo BTG Pactual 
 BBTG11.SA , Bank of America Corp  BAC.N , Banco Bradesco SA 
 BBDC4.SA , Goldman Sachs Group Inc  GS.N  and J. Safra. SA.  
    Proceeds from the primary portion of the IPO will be used to 
launch new credit products, finance expansion and pay for the 
acquisition of Brazilian broker Rico Corretora, XP said. 
 
 (Reporting by Aluisio Pereira; Writing by Tatiana Bautzer; 
Editing by Sandra Maler) 
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob: 
+55-119-4210-4173; Reuters Messaging: 
tatiana.bautzer.thomsonreuters.com@reuters.net)) 
 
Keywords: XP INVESTIMENTOS IPO/