Hey Tigers!
Happy Friday! One of the biggest IPOs in the U.S. this year is $Nu Holdings Ltd.(NU)$!!!✨✨✨
- Brazilian fintech company Nubank made its market debut Thursday on the New York Stock Exchange and is now trading under the ticker symbol “NU.”
- Shares of NU soared 15% intraday, valuing the company at an impressive $45 billion.
- NU shares were priced at $9 but opened well above its pricing.
In 2018, the bank only had 6 million customers. During the first nine months of 2021, Nubank raked in$1.06 billion and served 48 million customers. The growth has everything to do with the recent Fintech Boom throughout Latin America.📈📈📈
Nubank offers a variety of financial services, like credit cards with non-predatory interest rates and mobile banking services. In a region where almost everyone has a mobile device, but only 30-40% have traditional bank accounts, Nubank has thrived.
Earlier this year, Nubank became one of the world’s most valuable tech unicorns after it raised a $750 million round with Berkshire Hathaway at a $30 billion valuation. Goldman Sachs analysts anticipate that Brazilian Fintech firms alone will make $24 billion USD per year by 2024, so this is definitely an emerging market to keep an eye on.
Leave your analysis about $Nu Holdings Ltd.(NU)$!
You may be rewarded with Tiger Coins💸💸💸
Don't forget I am the richest tiger in this community😎😎
精彩评论
With 48 million users in Latin America and backed by Warren Buffett, Nubank is a Disruptor with a Capital D! It is changing the face of banking in Latin America like never before! BUY Nubank now because it is going to be a Multi bagger!
@MillionaireTiger - IPO Nubank's Dazzling Debut