Nine months after its debut on the Brazilian Stock Exchange B3, Nubank (NU) announced Thursday evening that it will restructure its BDR (Brazilian Depositary Receipts) program, transforming it from Level III to Level I.
In practice, the company will no longer be listed on the B3 but only on the New York Stock Exchange.
Nubank said in a statement to the market that it made this decision to increase efficiency and minimize the impact of listing a company in more than one country.
In May, Nubank debuted in Colombia’s capital markets through brokerage Acciones y Valores, which sponsors the fintech paper in Colombia and offers domestic investors a marketplace to buy stock certificates listed on foreign exchanges without having to open accounts with brokerage firms in the United States.
In Thursday’s statement, Nubank did not say whether there would be changes in the Colombian market.
Nubank said it distributed an additional 800,000 BDR in B3 when it went public in December 2021, not counting the 7.5 million customers who received at least one BDR through its membership program.
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.
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◆ Live Company Intelligence
Nu Holdings
NYSE: NUNUBANKFinancial ServicesBanks – Regional
$74.30B
Market cap
Analyst target $18.77
Wall Street view
4.4Buy/ 5
18 Buy3 Hold1 Sell
Avg. price target $18.77 · +28% vs 200-day
Valuation & profitability
Market cap$74.30B
Revenue (TTM)$8.44B
P / E ratio21.1
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$14.69
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…
