December 1, 2021
Brazilian digital lender Nubank has lowered the indicative price range for an initial public offering (IPO), saying it now expects to raise $2.43 billion in its stock market debut.
Nubank reset the price range at $8 to $9 per share for its planned listing on the New York Stock Exchange (NYSE) and at BRL7.45 to BRL8.38 ($1.32 to $1.48) for each Brazilian depositary receipt (BDR) on the B3 stock exchange in São Paulo, according to a preliminary prospectus released on Tuesday.
In early November, Nu
Brazilian digital bank now expects to raise $2.4 bln in its stock market debut with anchor investors buying $1.3 bln worth of shares