IPO for Warren Buffett-Backed Nu Holdings Ltd. (NU) Opens 25% Higher

Today's IPO for Nu Holdings Ltd. (NYSE: NU) opened for trading at $11.25 after pricing 289,150,555 Class A ordinary shares at $9, the upper-end of the expected $8-$9 range.

The offering is being made through an underwriting group led by Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Nu Invest Corretora de Valores S.A..

Nu Holdings Ltd., backed by Warren Buffett, is one of the world’s largest digital banking platforms and one of the leading technology companies in the world, with 48.1 million customers across Brazil, Mexico and Colombia.

Total revenue increased to $1062.1 million for the nine months ended Sept 30, 2021 compared to $534.6 million for the nine months ended Sept 30, 2020.

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