Nu Holdings Ltd.
We believe Nu is one of the world’s largest digital banking platforms (based on number of customers), and one of the leading technology companies in the world, with 48.1 million customers across Brazil, Mexico and Colombia as of Sept. 30, 2021. Our customers include about 28 percent of the population of Brazil aged 15 and above. Nubank is perhaps best known for its credit cards.
Our mission is to fight complexity to empower people in their daily lives.
In 2013, we chose to begin our journey by disrupting the financial services market in Latin America, the market value of which we estimate will reach approximately US$1 trillion in 2021. This opportunity includes approximately 650 million people in Latin America according to the World Bank, many of whom we believe are underbanked and deeply unsatisfied with their legacy bank relationships, or completely unbanked.
We were listed in 2021 by TIME as one of the 100 Most Influential Companies in the world and by CNBC as one of the Top 50 Disruptors in the world.
(Note: Nu Holdings priced its IPO on Dec. 8, 2021, at $9 – the top of its $8-to-$9 range – on 289.15 million Class A ordinary shares – to raise $2,602.35 million – or $2.6 billion. Previously: Nu Holdings cut the price range on its IPO to $8 to $9 – down from an initial range of $10 to $11 – and kept the number of shares at 289.15 million, in an F-1/A filing dated Nov. 30, 2021. The IPO’s estimated proceeds are now $2,457.78 million – or $2.46 billion – down from initial estimated proceeds of $3,036.08 million – or $3.04 billion.)
|Address||Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, KY1-9010 Grand Cayman, Cayman Islands|
|Phone Number||+1 345 949 2648|
|View Prospectus:||Nu Holdings Ltd.|
|Revenues||$1264.3 mil (last 12 months)|
|Net Income||$-195.5 mil (last 12 months)|
|Price range||$9.00 - $9.00|
|Est. $ Volume||$2602.4 mil|
|Manager / Joint Managers||Morgan Stanley/ Goldman Sachs/ Citigroup/ Nu Invest/Allen & Co./ HSBC/ UBS Investment Bank|
|CO-Managers||Autonomous/ KeyBanc Capital Markets/ Nau Securities/ Nomura/ Numis/ Susquehanna Financial Group|
|Expected To Trade:||12/9/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|