RIO DE JANEIRO, BRAZIL - Nubank lost the position achieved in December as the most valuable bank in Latin America. The digital bank closed Friday, January 14, valued at US$37.4 billion, while Itaú Unibanco, now in first place, closed at US$39.5 billion.
When it debuted on the Brazilian and U.S. stock exchanges (NYSE), the fintech priced its shares at US$9 each in an initial public offering (IPO). At the time, the digital bank debuted valued at US$41.5 billion.
Nubank's shares fell 13.4% in 2022. The expectation of rising interest rates in . . .