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XP Inc. (XP)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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16.94-0.50 (-2.87%)
At close: 04:00PM EST
17.22 +0.28 (+1.65%)
After hours: 06:13PM EST
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    XP Inc. Announces Share Purchase Agreement With Itaúsa

    SÃO PAULO, November 10, 2022--XP Inc. (Nasdaq: XP), announced today that it has signed a share purchase agreement with Itaúsa S.A. Under this agreement, XP will purchase 5,500,000 outstanding Class A common shares from Itaúsa S.A., equivalent to approximately U$105 million, in the same conditions for which Itaúsa sold 10,000,000 Class A shares on November 9th, 2022. XP should utilize its existing cash to fund this share repurchase and the shares should be held in treasury. This transaction is no