November 26, 2018 / 12:12 PM / 2 years ago

Brazil's XP Investimentos mulling Nasdaq IPO

FILE PHOTO: Traders work at XP Investimentos brokerage in Sao Paulo, Brazil, September 10, 2015. REUTERS/Paulo Whitaker

RIO DE JANEIRO (Reuters) - Brazil’s XP Investimentos SA is considering an initial public offering (IPO) on the U.S.-based Nasdaq stock exchange, the financial services firm said on Monday.

Brazilian newspaper Valor Economico first reported on Monday that New York-based private equity firm General Atlantic (GA), a shareholder in XP Investimentos, was pushing for the firm to go public on Nasdaq next year.

“We are in an initial phase of evaluating it,” a company representative said without providing further detail.

GA did not immediately respond to a request for comment.

Writing by Alexandra Alper; Editing by Mark Potter

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