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Nu Holdings Priced, NYSE: NU

Leading digital bank operating in Brazil, Mexico, and Colombia.

Industry: Financials

Latest Trade: $3.91 0.00 (0.0%)

First Day Return: +14.8%

Return from IPO: -56.6%

Industry: Financials

We believe Nu is one of the world’s largest digital banking platforms (based on number of customers), and one of the leading technology companies in the world, with 48.1 million customers across Brazil, Mexico and Colombia as of September 30, 2021. We are building our business based on four core principles: (1) a highly curated customer-centric culture that permeates everything we do; (2) the prioritization of human-centric design across all of our mobile apps, products, services and interactions to create extraordinary customer experiences; (3) the development of advanced proprietary technologies built from the ground up by some of the best talent from around the world; and (4) the utilization and optimization of data science and powerful proprietary models that support every aspect of our business. We combine these to create a self-reinforcing business model that we believe enables us to serve our ecosystem of customers and partners more effectively as we grow to generate significant impact to our stakeholders and sustainable competitive advantages in the marketplace. As of September 30, 2021, we had 48.1 million customers, including approximately 28% of the population of Brazil aged 15 and above. We were also ranked as the #1 Bank in Brazil by Forbes for each of the past three years, the #1 Digital Banking App in the World by Pymnts.com in 2021, and Latin America’s Best Bank and Best Digital Bank by Euromoney in 2021.
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IPO News for Nu Holdings
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IPO Data
IPO File Date 11/01/2021
Offer Price $9.00
Price Range $8.00 - $9.00
Offer Shares (mm) 289.2
Deal Size ($mm) $2,602
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/08/2021
Offer Price $9.00
Price Range $8.00 - $9.00
Offer Shares (mm) 289.2
Deal Size ($mm) $2,602
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters São Paulo, Brazil
Founded 2013
Employees 5,403
Website www.nubank.com.br/en