• The company said that 72.51 million class A shares will be offered;
• The value of the operation would reach about $ 1.8 billion.

According to the Brazilian newspaper Valor Econômico, XP has set the indicative share price range on the IPO that will be held on the Nasdaq stock exchange between $ 22 and $ 25. The information is on the form filed with the Securities and Exchange Commission (SEC) this Monday 12th.

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Also according to the newspaper, 72.51 million class A shares will be offered. Of this total, 42,553,192 will be traded in a primary offering and another lot of 29,957,449 in a secondary offering, sold by shareholders.

If the ceiling of the indicative range is taken into account, the value of the operation would reach about $ 1.8 billion. Thus, XP would hit the market worth about $ 13.8 billion.

XP said it will use the features to launch new products and services, such as digital payment accounts, as well as acquisitions and the expansion of the platform as a whole.