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.
The digital bank lost its position in the stock market after debuting with a valuation of US$41.5 billion in December.
Nubank’s shares fell 13.4% in 2022. The expectation of rising interest rates in the United States and uncertainties surrounding the Brazilian economic scenario contributed to the decrease in the company’s value.
Itaú’s shares rose 13.3% on the New York Stock Exchange in the same period. Meanwhile, Bradesco’s shares also rose 10.2%.
OMICRON’S IMPACT
In late December, the fintech felt the impact of the Omicron variant on the financial market. The newcomer to the New York Stock Exchange dropped over 10% in value on December 20.
Just short of completing three weeks since debuting on the U.S. market, Nubank (NU) shares traded at US$8.90, down 9.18% after having retreated more than 10% in the morning.
It is the first time the company’s shares have traded below the IPO price of US$9.
Live Company IntelligenceNu Holdings Ltd — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
N
◆ Live Company Intelligence
Nu Holdings
NYSE: NUNUBANKFinancial ServicesBanks – Regional
$77.87B
Market cap
Analyst target $18.77
Wall Street view
4.3Buy/ 5
17 Buy4 Hold1 Sell
Avg. price target $18.77 · +28% vs 200-day
Valuation & profitability
Market cap$77.87B
Revenue (TTM)$8.44B
P / E ratio22.1
Profit margin42.7%
Return on equity31.6%
Price & risk
52-wk low $11.2052-wk high $18.98
Beta (volatility)0.96
200-day average$14.68
Revenue trend · 6y
20202025
Latest $15.88B
Ownership
Institutions82.2%
Shares outstanding3.81B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Nu Holdings does. Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit…
