Corporate-backed digital banking platform operator Nu Holdings priced its offering at the top of its range in New York, representing the first Brazil-originated flotation in three months.
Nu Holdings, the Brazil-based owner of neobank Nubank that counts internet company Tencent and conglomerate Berkshire Hathaway as investors, secured $2.6bn today in an initial public offering priced at the top of its range.
The company issued 289 million shares on the New York Stock Exchange at $9 apiece, with Berkshire acquiring 10% of them, a source privy to the matter told Bloomberg. It is also issuing depositary receipts on São Paulo’s B3 stock exchange in a concurrent offering.
Nu…
