The Tencent and Berkshire Hathaway-backed digital bank is seeking to grow its valuation from $30bn in June to over $50m in flotations in the US and Brazil.
Nubank, a digital bank operator backed by corporates Tencent and Berkshire Hathaway, filed for a duel initial public offering (IPO) yesterday in the United States and its home country of Brazil.
The IPO involves more than 332 million shares being offered at a proposed maximum price of $11.00 each, potentially equating to over $3.65bn in proceeds and a valuation of approximately $50.6bn.
The company plans to issue just over 289 million shares while its shareholders intend to sell nearly…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
