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XP Sets Price Range for Nasdaq IPO of Up to $2.1 Billion

  • Brazil’s biggest brokerage aims to get $22 to $25 a share
  • IPO would be the biggest this year for a Brazilian company
Times Square As U.S. Stocks Rise After Jobs Data
Photographer: Michael Nagle/Bloomberg
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XP Inc., Brazil’s largest brokerage by equity-trading volume, is targeting a price of $22 to $25 a share for the company’s initial public offering on the Nasdaq exchange, a transaction that could raise as much as $2.1 billion.

The roadshow for the deal, which is poised to be the biggest IPO for a Brazilian company this year, kicks off Monday, according to a regulatory filing, with pricing expected in the middle of this month.