RIO DE JANEIRO, BRAZIL - Nubank will seek a valuation of more than USD$50 billion with its expected initial public offering on the New York Stock Exchange, already including the issuance of BDRs (foreign listed share certificates) in B3.
Founded in 2013 by Colombian David Vélez, Brazilian Cristina Junqueira, and American Edward Wible, Latin America's largest digital bank, one of the largest in the world, aims to move up to US$3.657 billion with the offering.
There will be 332.523 million Class A shares issued at an estimated price between US$10 and US$11. Class . . .