Brazil’s Nubank shakes up market with IPO, funky beats
With 48 million clients, pop star Anitta on its board and a viral ad set to the beats of Brazilian funk, Nubank, a new digital-only bank, is shaking up the market in Brazil – and now eying a $50 billion (€44.3bn) entry on Wall Street. Launched in 2013 by an international trio of fintech entrepreneurs, the Sao Paulo neobank will make its initial public offering on the New York Stock Exchange on December 9, consolidating its meteoric rise. Nubank is hoping to raise some $3 billion in its IPO, for a total valuation of more than $50 billion... Читать дальше...