NEW YORK, NY / ACCESSWIRE / March 9, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of XP, Inc. ("XP" or "the Company") (NASDAQ:XP). Investors who purchasedXP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/xp.
The investigation concerns whether XP and certain of its officers and/or directors have violated federal securities laws.
In December 2019, XP conducted its initial public offering ("IPO"), offering 72,510,641 shares of common stock priced at $27.00 per share. Then, on March 6, 2020, The Winkler Group published a short report questioning the accuracy of XP's financial statements. Among other allegations, the report alleges significant discrepancies between XP's internal audits and the financial statements that XP provided investors in its IPO prospectus. The report also alleges that "XP fired its auditor after the auditor found material weaknesses in its financial reporting[.]" On this news, XP's stock price fell $4.77 per share, or 13.34%, to close at $30.99 per share on March 6, 2020.
If you are aware of any facts relating to this investigation, or purchased XP shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/xp. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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