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As soon as hailed as a Brazilian success story, the trajectory of fintech Nubank may very well be about to change into a cautionary story as an alternative. The digital financial institution went public on the New York Inventory Alternate final December with an IPO that pushed its worth previous USD 52 million and made it Latin America’s most useful monetary establishment. Half a yr on, issues don’t look so rosy: Nubank’s share costs are actually valued at round 30 % of their post-IPO quote.
As The Brazilian Report defined within the first version of its Market Roundup in Could, this pattern shouldn’t be restricted…
Entry all of The Brazilian Report
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