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The Brazilian online bank Nubank debuted on the New York Stock Exchange on Thursday with a rise that brought its value to about $ 47 billion, consolidating itself as one of the largest Latin American banks.
The rise was more than 14.5% over the price set for its IPO, of 9 dollars, for a close at 10.33 dollars. At the beginning of the transactions, it was listed at $ 11.25.
The digital bank, founded in 2013 by the Colombian David Vélez, the American Edward Wible and the Brazilian Cristina Junqueira, put some 289.2 million shares on the market, which allowed it to raise about 2.603 million dollars of capital.
The entity also reserves the possibility of selling another 28.5 million additional shares during the next 30 days at the price initially set.
Its Initial Public Offering includes some 40 million dollars in BDRs, certificates equivalent to shares traded on the São Paulo Stock Exchange.
The jump to the New York Stock Exchange is the “beginning of another phase, which allows us to have a much greater impact than we had so far, although the bank continues with the same mission and the same values that brought us here,” said Vélez.
The Brazilian bank is listed on Wall Street under the reference “NU” and on the Sao Paulo Stock Exchange under the symbol NUBR33.
Nubank in June attracted a $ 500 million investment from Warren Buffet’s Berkshire Hathaway fund. His support was added to that of renowned funds such as Sequoia (an investor of Airbnb and the Chinese Tencent).
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