- Brazilian financial services company XP Inc. surged as much as 26% Wednesday after its initial public offering raised nearly $2 billion.
- The stock jump establishes XP as outperforming Saudi Aramco, which soared 10% after its record-breaking IPO.
- XP’s market debut follows a slew of IPO flops in 2019. Uber, Peloton, and Lyft all slumped in their first days of trading, and WeWork canceled its IPO after analyst scrutiny sank the firm’s valuation.
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Shares of Brazilian financial services group XP Inc. spiked as much as 26% Wednesday following its initial public offering, outperforming read more >>>