XP Inc. (NASDAQ: XP) stock surged by 3.49% at last close whereas the XP stock price drops by 4.62% in the after-hours trading session. XP is a premier supplier of low-cost financial goods and services in Brazil, with a competitive, technology-driven system.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .
Sponsored
XP stock’ Recent Development
XP revealed that it has struck a deal to invest in the real estate finance company Direto with Direcional Engenharia (BVMF: DIRR3).
A Backdoor Way To Profit From Today’s Crypto Bull Market
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Sponsored
The purchase of 49.9% of Direto’s capital, which is still depending on regulatory clearance, is a significant milestone for XP Inc. in a promising industry where Direcional has demonstrated experience over the course of its forty-year existence.
Direto will depend on XP’s distribution structure, technology platform, and finance solutions, as well as Direcional’s real estate market understanding and efficiency, engaging in business development and the construction of a staff with considerable real estate and credit research experience. Direto’s management will remain separate from its stockholders, with offices in So Paulo and Belo Horizonte.
Three main options will be provided at first:
- Loans for the purchase of new as well as already used properties, including joint ventures with other financial institutions.
- Home equity, which refers to the use of a home as collateral for loans.
- Purchasing receivables portfolios from property developers.
Furthermore,
The transaction will enable XP Inc. to extend its real estate activities, where it is currently a leading player in the design and marketing of Certificates of Real Estate Receivables (CRI) and Real Estate Investment Trusts (REIT), as well as in the securitization market. The Brazilian real estate industry provides numerous prospects, is massive, but is still vulnerable and ineffective in some categories. This cooperation is another step forward in this area, and it is in line with XP Inc.’s long-term strategic objective to provide more solutions to customers and extend their addressable market while keeping an asset-light business model.
