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Nubank debuts on stock exchange as Latin America’s most valuable bank

RIO DE JANEIRO, BRAZIL - Nubank's shares debuted on the Brazilian and U.S. Stock Exchanges (NYSE) on Wednesday, December 8, when the digital bank priced its shares at US$9 each in an initial public offering (IPO).

Founded 8 years ago to offer a free credit card, Nubank has thus become the most valuable bank in Latin America, worth US$41.5 billion, ahead of Itaú Unibanco.

BDRs are depositary receipts of securities issued in Brazil, which represent shares in publicly traded companies headquartered abroad . . .

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