This IPO Is Backed By Warren Buffet - This Is Going To Be HUGE
- 3 years ago
Aug 25 (Reuters) - Brazil's Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country's top traditional lender, two sources familiar with the matter said.
In a recent funding round led by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), Nubank was valued at $30 billion. With 40 million clients in Latin America, Nubank is the latest of several fast-growing financial services companies - often serving customers overlooked by banks - grabbing investors' attention.
If Nubank is listed at a market cap $55.4 billion, it would vault into the ranks of the world's largest fintechs, ahead of recently listed Robinhood Markets Inc(HOOD.O), for example.
It ended 2020 with a loss of 230 million reais and a loan book of roughly 18 billion reais. In the first quarter it managed to turn a profit, with net income of 6.8 million reais ($1.30 million), according to Brazil's central bank.
Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.”
https://www.reuters.com/article/nubank-ipo-idCNL1N2PW2GM
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Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
I am not a financial advisor or professional stock analyst. Trade at your own risk. There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. You should read the offering prospectus carefully, and make your own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.
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In a recent funding round led by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), Nubank was valued at $30 billion. With 40 million clients in Latin America, Nubank is the latest of several fast-growing financial services companies - often serving customers overlooked by banks - grabbing investors' attention.
If Nubank is listed at a market cap $55.4 billion, it would vault into the ranks of the world's largest fintechs, ahead of recently listed Robinhood Markets Inc(HOOD.O), for example.
It ended 2020 with a loss of 230 million reais and a loan book of roughly 18 billion reais. In the first quarter it managed to turn a profit, with net income of 6.8 million reais ($1.30 million), according to Brazil's central bank.
Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.”
https://www.reuters.com/article/nubank-ipo-idCNL1N2PW2GM
Join WeBull with my link and receive UP TO 4 FREE STOCKS https://act.webull.com/k/hMN1TBS6nyB8/main
SOCIAL MEDIA
⚫PATREON
Join Our Patreon Community and help support this channel...If you want to , or you can just hit the LIKE button which really helps me. Thank you!
https://www.patreon.com/bullmarketwatch
https://facebook.com/groups/659635791621800/
https://twitter.com/watch_ipo
Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
I am not a financial advisor or professional stock analyst. Trade at your own risk. There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. You should read the offering prospectus carefully, and make your own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.
IPO market
Public offering
IPOs
IPO 2021
Initial public offering
IPO stocks
best IPO stocks to buy
New companies in stock market
New Stocks Going Public In The USA, 10 of the Best Stocks to Buy for 2021, Cheap stocks to buy now, best stocks to buy now reddit, Best companies to invest, Where to invest in stocks, Best stocks to buy 2021, The best new companies to invest in, Best stocks to buy now, Best things to invest in