Nu Holdings Ltd.

General Information

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.) 


Industry: Digital banking
Employees: 2929
Founded: 2013
Contact Information
Address Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, KY1-9010 Grand Cayman, Cayman Islands
Phone Number +1 345 949 2648
Web Address
View Prospectus: Nu Holdings Ltd.
Financial Information
Market Cap $41000.00mil
Revenues $1264.3 mil (last 12 months)
Net Income $-195.5 mil (last 12 months)
IPO Profile
Symbol NU
Exchange NYSE
Shares (millions): 289.2
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
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change