Nubank cuts price range for IPO

Nubank cuts price range for IPO

IPO Equity Capital Markets Brazil United States Technology

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

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