Warsaw-listed CFD broker XTB announced Wednesday that co-founder Jakub Zabłocki’s investment vehicle XX ZW Investment Group has offloaded another 8% stake worth approximately $410 million through accelerated bookbuilding. The Luxembourg entity sold 9.4 million shares at 160 zlotys each to select institutional investors, reducing its ownership from 35.78% to 27.78%. The transaction continues a three-year pattern of stake reductions by Zabłocki, who has now sold blocks in May 2023, February 2024, September 2024, May 2025, and now this latest sale. Each successive divestment has occurred at progressively higher prices, reflecting XTB’s surging valuation amid record client growth and a first-quarter 2026 net profit of 535 million zlotys, up 176% year-over-year. Bank Handlowy, Citigroup, and UniCredit coordinated the deal. XX ZW has committed to a 360-day lock-up on its remaining shares.
**
FXnCO Insight
** Despite founder dilution signaling potential portfolio diversification, XTB’s fundamentals remain strong with record profitability, though traders should monitor whether institutional appetite persists at current valuations following this discounted block sale.
Source: Finance Magnates