Sabesp Jumps as Sao Paulo Seeks Bidders for Privatization [Financial Post (Toronto, Ontario, Canada)]
XP Inc. - Class A (XP)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Shares in Sabesp jumped, after Sao Paulo government unveiled a plan to kick off the company's privatization by first selecting two strategic shareholders, before offering shares to the broader market. Latin America's largest water utility rose as much as 3.7% on Thursday, the biggest intraday gain in almost a month, before pairing gains. The unusual follow-on model has pleased investors, who think it might boost the company's value. Article content Article content The deal will be split in two stages — first, the company will select two strategic investors, based on who offers the highest price. Those investors will then anchor a follow-on to the broader market, in which two separate books will be built and compete to garner the most bids. The pricing for that stage will follow the one initially offered by the strategic holder, and whoever pul
Show less
Read more
Impact Snapshot
Event Time:
XP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
XP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
XP alerts
High impacting XP Inc. - Class A news events
Weekly update
A roundup of the hottest topics
XP
News
- XP Inc. Files Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- XP Appoints Victor Mansur as Chief Financial Officer Effective August 1, 2024 [Yahoo! Finance]Yahoo! Finance
- XP Announces Corporate Governance Changes to Support its Next Chapter of Growth [Yahoo! Finance]Yahoo! Finance
- XP Appoints Victor Mansur as Chief Financial Officer Effective August 1, 2024Business Wire
- XP Inc. Files Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023Business Wire
XP
Earnings
- 2/27/24 - Beat
XP
Sec Filings
- 4/26/24 - Form 20-F
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- XP's page on the SEC website