current position:Home>Nubank, funded by Buffett, plans to go to the United States for IPO, with a target valuation of more than $55.4 billion

Nubank, funded by Buffett, plans to go to the United States for IPO, with a target valuation of more than $55.4 billion

2021-08-31 20:58:52 TechWeb

According to people familiar with the matter , The Brazilian fintech company invested by Buffett Nubank Is planning to go to the United States IPO, The valuation sought will exceed that of Brazil's largest bank Itau Unibanco at present 554 Market value of US $100 million .

This year, 6 month Nubank Invested by Buffett's Berkshire Hathaway 5 Billion dollars , Valuation of the company 300 Billion dollars . The company owns... In Latin America 4000 Million users , If its market value exceeds Itau Unibanco, Will become one of the world's largest financial technology companies , More than recently listed Robinhood Markets.

A source said , In recent weeks ,Nubank The investment bank advisers proposed a valuation target of up to 1,000 Billion dollars . But sources said , The company's valuation at the time of listing is unlikely to be so high .

According to the Brazilian Central Bank ,Nubank Last year's loss 2.3 Billion reais , Net profit in the first quarter of this year 680 Vanreal .

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