Nubank IPO price finalized
Nubank has finalized the IPO price at $9.00 per share.
$NU - NU Holdings Ltd., known as Nubank, is a Brazilian-based digital bank that offers digital credit cards, transfers, and payments. The listed name for NU is NU Holdings Ltd. The company is already serving the countries of Brazil, Colombia, and Mexico.
The company debuts today, December 9th, 2021, in the NYSE, and the IPO price is set at $9.00, raising a total amount of $2.86 billion.
Warren Buffett’s investment fund Berkshire Hathaway bought $500 million worth in shares of the company.
Nubank was founded in 2013, it is based in Sao Paulo, Brazil, and it offers its consumers the following services:
Earn interest while holding money in your account
Requesting salary portability to receive it directly in Nubank account every month
Adding debit cards at Uber, iFood, Netflix, and several other apps and websites.
Recharge mobile phone paying with a card or account balance and instantly get your credits.
Paying utility, phone, or shopping bills right from your app.
Sending and receiving money in real-time to any bank, all free of charge.
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