Nu Holdings IPO: How to buy the fintech firm's stock?

3 min read | November 29, 2021 05:53 AM EST | By Raza Naqvi

Nu Holdings IPO: How to buy the fintech firm's stock? — Image source: © Demidovichphotostock/Megapixl.com

Nu Holdings IPO: Key details

The company reportedly aims to sell 289.2 million shares through the IPO and some of the shares will be in the form of Brazilian Depositary Receipts (BDRs). The price range of the shares is expected to be priced between US$ 10 to US$ 11 per share.

How to buy the NU stock?

If a midpoint of the price range is considered, the fully diluted market value of Nu Holdings will be US$ 50.8 billion.

The leading underwriters for the IPO are Allen & Company, Morgan Stanley, HSBC, Goldman Sachs and UBS Investment Bank among others.

Many companies give an option to retail investors to buy the stock at the IPO price before it begins trading in a stock market.

Freedom Finance, which is an investment banking and capital markets services company is reportedly offering pre-IPO access and interested investors can sign up and submit an application for the pre-IPO stock allotment.

Bottom line

In the last eight years, Nu Holdings has disrupted the financial services market in Latin America through its digital operations and it expects the market size to value around US$ 1 trillion in 2021.

According to the World Bank, of the 650 million people in Latin America, the majority of the people are underbanked and don't get proper banking services. Nu Holdings is addressing this gap and seems to have growth potential.

Nu Holdings was named among the 100 Most Influential Companies in the world by Time in 2021 and by CNBC as a company among the Top 50 Disruptors.

Also Read: Samsara IPO: How to buy the IoT software company's stock?

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.