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UPDATE 1-XP prices Brazil's largest IPO this year, reaches $14.9 bln valuation

Carolina Mandl and Tatiana Bautzer

valuation@ (Adds amount raised, context)

SAO PAULO, Dec 10 (Reuters) - Brazilian financial services platform XP Inc priced the largest IPO of a Brazilian company this year at $27 per class A share on Nasdaq, two sources with knowledge of the matter said.

XP, which has among its shareholders private equity firm General Atlantic LLC, Brazil's largest private-sector lender Itau Unibanco Holding SA and founder Guilherme Benchimol, was valued at $14.9 billion, the sources added, asking for anonymity to disclose the price ahead of the announcement.

XP and its shareholders will raise $2.25 billion, in the fourth largest IPO in the United States in 2019 and considered a bellwether for other Brazilian financial technology companies eyeing U.S. listings in 2020.

With demand equivalent to 14 times the offering, XP raised its initial $22-$25 price range. (Reporting by Carolina Mandl and Tatiana Bautzer; Additional reporting by Joshua Franklin in New York; Editing by Lisa Shumaker)

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