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XP Inc.

Company NameXP Inc.
Stock SymbolXP
Lead Plaintiff Motion DeadlineMay 20, 2020

In December 2019, XP completed its initial public offering (“IPO”), issuing approximately 83 million Class A shares at $27.00 per share.

On March 6, 2020, The Winkler Group published a report raising serious questions about the accuracy of XP’s financials. Among other claims, the report alleged that XP failed to disclose relevant information, including: (i) undisclosed related party transactions; (ii) R$100 million in system failure expenses; (iii) great uncertainty regarding its independent financial agents (“IFAs”); (iv) the full circumstances regarding its firing and replacing its accounting firm; and (v) other undisclosed material weaknesses.

On this news, the Company's share price fell $9.12, or over 25%, over two consecutive trading sessions to close at $26.64 per share on March 9, 2020, thereby injuring investors. 

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Shares Purchased

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Shares Sold

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