LAVCA | The Association for Private Capital Investment in Latin America
  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
    • Apply
  • Education & Programs
    • Networking
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
    • Industry & Partner Events
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • Policy
    • Policy News Feed
    • Scorecard
    • PRIVATE CAPITAL REGULATION BY COUNTRY
    • Advocacy Initiatives
    • Term Sheets & Guidelines
  • ESG & Impact
    • Responsible Investment
    • Deal Book
      • Submit a Deal
    • Impact Report
    • Latin American ESG Awards
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • #COVID-19
  • VC
  • Member Login
  • Member Access

LAVCA | The Association for Private Capital Investment in Latin America

A non-profit member organization

  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
    • Apply
  • Education & Programs
    • Networking
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
    • Industry & Partner Events
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • Policy
    • Policy News Feed
    • Scorecard
    • PRIVATE CAPITAL REGULATION BY COUNTRY
    • Advocacy Initiatives
    • Term Sheets & Guidelines
  • ESG & Impact
    • Responsible Investment
    • Deal Book
      • Submit a Deal
    • Impact Report
    • Latin American ESG Awards
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • #COVID-19
  • VC

Brazil’s XP Investimentos Expects to Carry Out IPO

May 5, 2017

XP Holding Investimentos, a securities firm and portfolio company of General Atlantic, is seeking a valuation up to US$6.4b for an IPO in May or June of 2017.

(Reuters) Brazilian securities firm XP Holding Investimentos SA is seeking a valuation range between R$12b and R$20b (US$3.9b and US$6.4b) for a domestic initial public offering slated for late May or in June, two people with direct knowledge of the plan said.

Depending on investor demand in the run-up to the offering, shareholders, led by U.S. buyout firm General Atlantic LLC, could sell an undetermined stake in a private placement prior to the IPO, the people said, asking not be identified since talks on the matter remain private.

There is interest in a private sale from a group of so-called anchor investors, said one of the people, declining to elaborate. XP is targeting a free-float rate, or a ratio of shares in circulation, equivalent to 30 percent of capital, the people added.

Letting other investors enter XP before the IPO could provide support for valuations, one of the people said. Proceeds will go towards fueling XP’s growth into asset management, banking and other financial services, the people said.

The media office of XP declined to comment, citing a quiet period relating to the transaction. General Atlantic, which has a 49 percent stake in the firm, also declined to comment.

Founded in 2001 by partner and Chief Executive Officer Guilherme Benchimol as an independent stock brokerage, XP has expanded into securities trading and custody, money management and financial advisory as peers shrunk dramatically in the face of tumbling fees and a declining client base.

Rising volatility and reduced activity in equities and other financial products have triggered years of losses for independent broker-dealers, or brokers with no links to commercial baking groups, according to central bank data.

One of the people said XP earned net profit of about 500 million reais last year. The figure could not be independently verified by Reuters.

XP hired the investment banking units of Morgan Stanley & Co (MS.N), Grupo BTG Pactual SA (BBTG11.SA), JPMorgan Chase & Co (JPM.N) and Itaú Unibanco Holding SA (ITUB4.SA) to lead the offering’s underwriting, the people said.

The São Paulo-based securities firm, whose brokerage unit is headquartered in Rio de Janeiro, is in the process of picking other banks to work on the deal, the people said. An announcement will come within a month, they said.

Brazil’s XP Investimentos Expects to Carry Out IPO was last modified: May 22nd, 2017 by Editor
BrazilExitGeneral AtlanticIPOMediaXP Investimentos
0
Facebook Twitter Google +

LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.

Asset Class *


VC Partner Events

  • Hosted by PECAP, InclusivX, and INCA Ventures

    PECAP, InclusivX, & INCA Ventures: The Diversity Dividend

    March 25, 2021

Tweets

  • Great conversation with #LATAM private capital associations about challenges, opportunities, policy updates, & best… https://t.co/XlacTRJ7I4

    01-Mar-2021

    Reply Retweet Favorite
  • 🚀READ LAVCA's LatAm Venture Bulletin featuring: #edtech deep dive with @descomplica; #ESG #CaseStudy featuring Cana… https://t.co/jFFMxVRpcn

    25-Feb-2021

    Reply Retweet Favorite
  • LAVCA recently spoke with Maria Pia Iannariello, Co-Founder & COO at @mgminnovagroup, about the opportunity for pri… https://t.co/i7XUo807Kl

    16-Feb-2021

    Reply Retweet Favorite
  • ☑️SIGN UP for the #LATAM Private Capital Update: this week featuring @L_Catterton Exits Espaçolaser; Vinci in… https://t.co/ag2JqwwOOS

    10-Feb-2021

    Reply Retweet Favorite
  • READ LAVCA’s latest deal case featuring @PC_Capital investment in 🇲🇽 agribusiness/retail seeds company Rancho los… https://t.co/R7ChIFYyGq

    03-Feb-2021

    Reply Retweet Favorite

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

VC Industry News

  • Arlon Group and FitPart Invest US$18.5m in Brazilian Logistics Solutions Sotran (em português)

    February 19, 2021
  • Base10 Capital Partners Leads US$7.8m in Mexican Lending Platform Mundi (en español)

    February 18, 2021
  • Alaya Capital Partners Leads US$1.2m Round in Accounting and Legal Management Platform Backstartup (en español)

    February 17, 2021
  • Movile Leads Series A Investment in Argentine Last-Mile Delivery Platform Moova (en español)

    February 12, 2021
  • DOMO Invest Invests R$3.5m in Brazilian Edtech Digital Innovation One (em português)

    February 11, 2021
  • Astella Investimentos Invests R$8m in Brazilian Omnichannel Marketing Platform bornlogic (em português)

    February 11, 2021
  • Proeza Ventures Leads ~US$6m Series A in Spain-Based Logistics Management System BusUp (em português)

    February 11, 2021
  • ThornTree Capital Partners Leads R$180m Series B in Brazilian Healthcare Provider Alice (em português)

    February 11, 2021
  • SoftBank and Invus Opportunities Lead US$84.5m Round in Brazilian Edtech Descomplica

    February 10, 2021
  • DILA Capital Reaches US$35m First Close for DILA IV (en español)

    February 9, 2021
  • General Atlantic Leads US$65m Series A in Mexican Grocery Delivery Platform Jüsto

    February 9, 2021
  • Storm Ventures Leads US$2m in Brazilian Event Management Platform InEvent (em português)

    February 9, 2021
  • Randon Ventures Invests R$13m in Brazilian Fleet Insurance Marketplace Grupo Delta (em português)

    February 9, 2021
  • Lanx Capital Leads R$13.5m Round in Brazilian Agricultural Marketplace Grão Direto

    February 9, 2021
  • Igah Ventures Reaches US$130m Final Close for Third Fund

    February 8, 2021
  • Alaya Capital Partners, Potencia Ventures, Mr. Pink, and Winnipeg Invest US$600k in Talently (en español)

    February 5, 2021
  • Women’s World Banking Capital Partners Leads US$6.6m Convertible Debt Round in Aflore (en español)

    February 5, 2021
  • Angel Ventures, FJ Labs, Upper90, and Presight Capital Lead US$50m Round in VALOREO

    February 5, 2021
  • KPTL Leads R$6m Round in Brazilian User Experience Research Platform MindMiners (em português)

    February 4, 2021
  • Redpoint eventures Leads R$3m Seed Round in Brazilian Manufacturing Platform Peerdustry (em português)

    February 4, 2021
  • Quona Capital and Kinea Ventures Lead US$6m Series A in Brazilian Financial Marketplace Monkey

    February 4, 2021
  • Accel Leads US$12m Series A in Mexican Consumer Trading Platform Flink

    February 4, 2021
  • Draper Cygnus Invests US$640k in Argentine Biotech Panarum

    February 3, 2021
  • Valor Capital Group Leads US$19m Series A in Brazilian Open-Source Collaboration Platform Rocket.Chat

    February 3, 2021
  • IDB Invest Provides US$30m in Debt Financing to Brazilian Fintech Creditas

    February 3, 2021
  • Astella Investimentos Invests R$4m in Brazilian Govtech Aprova Digital (em português)

    January 30, 2021
  • GIC, Whale Rock, and Invesco Lead US$400m Series G in Nubank

    January 28, 2021
  • Igah Ventures Leads R$38m Series A in Brazilian Payroll Lending Platform Bxblue (em português)

    January 27, 2021
  • QED Investors Leads US$6m Round in Lending Platform Milo

    January 27, 2021
  • Five Elms Capital Invests US$25m in Colombian Customer Service Monitoring Platform Playvox

    January 27, 2021
  • Brazilian Solar Energy Payments Platform Edmond Raises R$40m (em português)

    January 26, 2021
  • Valor Capital Leads US$5m Seed Round in Corporate Benefits Platform XP Health

    January 22, 2021
  • GP Investimentos and Parallax Ventures Lead R$200m Round in Bitcoin Exchange Mercado Bitcoin

    January 21, 2021
  • Elevar Equity and Global Founders Capital Invest R$35m in Peruvian Grocery Platform Favo (em português)

    January 20, 2021
  • Nexxus and IGNIA Announce Alliance (en español)

    January 19, 2021
  • Patagonia Capital Partners, Inverlat, and Quadrant Invest in Uruguayan Engagement Platform S1Gateway

    January 16, 2021
  • Capria Ventures Announces US$2m Commitment in Angel Ventures Pacific Alliance Fund II

    January 15, 2021
  • KPTL Invests R$3m in Blockchain Livestock Management Platform Ecotrace (em portguês)

    January 15, 2021
  • MAYA Capital Leads R$3.5m Round in Brazilian E-commerce Platform Unbox (em português)

    January 15, 2021
  • Alphabit, AU21 Capital, Fomocraft Ventures and Others Invest US$1.45m in Fintech Royale Finance

    January 15, 2021
  • KaszeK Ventures Leads R$20m Series A in Brazilian Customer Service Platform OmniChat

    January 15, 2021
  • IDB Invest Grants US$40m in Debt Financing to Mexican Lending Platform AlphaCredit

    January 14, 2021
  • Brazilian Telehealth Platform ViBe Saúde Raises US$10m from Undisclosed Investors

    January 14, 2021
  • SoftBank Latin America Leads Series C Investment in Brazilian Fiscal and Accounting System Contabilizei

    January 14, 2021
  • Greenspring Associates Leads US$35m Series B in Colombian Proptech La Haus

    January 13, 2021
  • DOMO Invest and Poli Angels Invest R$1m in Brazilian Media Production Company Pix Midia (em português)

    January 13, 2021
  • Astella Investimentos Leads R$11m Round in Brazilian Corporate Training Platform Skore (em português)

    January 13, 2021
  • DOMO Invest and Silver Angels Invest R$1m in Brazilian Satellite Image Processor Sensix (em português)

    January 12, 2021
  • BuenTrip Ventures Leads US$1.25m Round in Ecuadorian Cybersecurity Platform Kriptos (en español)

    January 12, 2021
  • DOMO Invest, Poli Angels, and Urca Angels Invest in Brazilian Accounting Platform ContaAgil (em português)

    January 11, 2021
  • SoftBank Group and Dynamo Lead US$190m Series E in Brazilian E-commerce MadeiraMadeira

    January 7, 2021
  • Oria Capital Invests R$40m in Brazilian Analytics Platform Knewin (em português)

    January 5, 2021
  • QED Investors Leads US$17.5m Series A in Chilean Insurtech Betterfly (formerly Burn to Give)

    December 31, 2020

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Offices

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

LAVCA Also Has a Regional Presence in:

   Washington DC
    

    Silicon Valley:
    San Francisco, CA

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top