Warren Buffett's NU Holdings Ltd - $40 Billion IPO


Nu Holdings Ltd is expected to have its IPO on the NYSE on Dec 9, 2021.

The stock ticker is 'NU'. Usually, IPOs on the NYSE began trading between 10 AM-2 PM ET.

The company anticipates the initial public offering price between $8.00 and $9.00 per share.

The company is offering 289,150,555 Class A ordinary shares.

Pricing at the midpoint of the range would value the company at around $40 billion.

Underwriters - Morgan Stanley, Goldman Sachs, Citigroup, Nu Invest, Allen & Co., HSBC, UBS Investment Bank, Autonomous,

KeyBanc Capital Markets, NAU Securities, Nomura, Numis, Susquehanna Financial Group act as the underwriters for the offering.

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.

The company's Total Addressable Market represents the real potential opportunity across Latin America.

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