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XP Launches $195 Million Buyback Program; Shares Rise
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XP Launches $195 Million Buyback Program; Shares Rise
May 23, 2024 7:13 AM

09:47 AM EDT, 05/23/2024 (MT Newswires) -- XP (XP) said Thursday that its board of directors has approved a share repurchase program to buy up $1 billion Brazilian reais ($195 million) worth of its outstanding class A stock.

The program will end on Dec. 31, depending on market conditions, XP said.

Shares of XP were 6% in early trading Thursday.

Price: 19.08, Change: +1.09, Percent Change: +6.06

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