XTB Co-Founder Jakub Zablocki Sells $194M in Shares

XTB co-founder and controlling shareholder Jakub Zablocki has sold another significant portion of his stake in the company, according to recent regulatory filings in Poland.

Zablocki’s investment vehicle, XX ZW Investment Group SA, offloaded 9,405,540 XTB shares through an accelerated book-building process conducted after market hours on Monday, May 19. The shares were sold at PLN 78 each—7.7% below XTB’s closing price that day of PLN 84.50—raising total gross proceeds of PLN 733.6 million (approximately USD $194 million). The sale was managed by investment banks Santander and UBS.

XTB Co-Founder Jakub Zablocki Sells $194M in Shares

Following this transaction, Zablocki’s ownership in XTB has decreased from 43.78% to 35.78%. The remaining 42,067,329 shares held by Zablocki are now subject to a standard 180-day lock-up period, preventing further sales during that time.

This marks Zablocki’s fourth major divestment in XTB over the past two years. In total, he has liquidated more than $500 million worth of shares since May 2023. Notable previous transactions include a $135 million sale in September 2024, a $119.4 million deal in February 2024, and a $64.5 million sale in May 2023. At the start of this series of sales, Zablocki held a 67% stake in the brokerage.

Despite the continued share disposals, XTB stock remains strong. Year-to-date in 2025, the company’s shares have risen by 16%, recently hitting a record high of PLN 91.76 earlier this month. In Q1 2025, XTB reported record revenue of $155 million, although profits remained flat.

Zablocki’s systematic exit strategy signals a shift in XTB’s shareholder landscape, while the company continues to deliver strong performance in a competitive brokerage industry.

Company Overview

XTB is a globally famous online brokerage and trading firm. Established in 2002, it became a premier retail Forex and CFD services provider. Operating across numerous countries, XTB is subject to regulation by esteemed financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF) in Poland. Renowned for its reliability, XTB offers exceptional customer support, an extensive range of forex and CFD options, and an exemplary trading environment. 

Discover more in our Complete Review.