From two unemployed youngsters teaching people how to invest in the stock market, to the leading investment platform in Brazil, co-owned by the largest bank in South America. In the space of 18 years, XP Investimentos is now on the cusp of the “hottest IPO of the decade.”
Brazil’s largest digital investment platform is set to list its stocks for the first time later this month. The IPO will happen on Nasdaq, the American stock exchange famous for floating the largest tech companies in the world. If there’s enough demand, the offer may reach up to USD 2.1 billion, bringing XP’s valuation up to nearly USD 14 billion, according to estimates.