Tencent- and Berkshire Hathaway-backed neobank NuBank trims IPO to ~$47B valuation

seekingalpha2021-12-01

Hot Latin American neobank NuBank (NU) scaled back its upcoming U.S.-Brazilian dual-listing IPO Tuesday, estimating the go-public deal will now value the Tencent- and Berkshire Hathaway-backed firm at...

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冲冲高
2021-12-01
冲冲高
Like
- KyleFong:
  Sure
Ygh
2021-12-01
Ygh
Hi
- 冲冲高:
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szueyann
2021-12-01
szueyann
Like and comment. Thanks.
- Kaden0204:
  ok
TriciaChang
2021-12-01
TriciaChang
Ok
naixiew
2021-12-01
naixiew
Heh
Pandachubby
2021-12-01
Pandachubby
Lol
- HappyCloud:
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The BDRs, which will trade on the Brazilian Stock Exchange, will be worth one-sixth of a Class A share apiece.\nAdditionally, NU reiterated plans to have Class B shares for company co-founders David Osorno, Cristina Zingaretti Junqueira and Adam Wible or their affiliates. Each Class B share will have 20 votes vs. one vote per Class A share, giving the founders some 86.9% of the company’s voting power − including 75% just for Osorno, who’s also the bank’s CEO.\nAll told, NuBank (NU) now expects to have some 4.6B Class A and B shares outstanding following the offering. That will value the company at about $36.9B to $47.1B on a non-diluted basis, depending on how many overallotment shares underwriters buy and where the IPO prices within its forecast range. 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