Nubank files to go public

This morning Brazilian neobank Nu, better known as Nubank, announced that it has filed to go public. Today its S-1 filing remains private, but the announcement of its existence implies that Nu is on track to go public soon, perhaps inside of 2021.

The company filed with both the American Securities and Exchange Commission (SEC) and the Comissão de Valores Mobiliários (CVM) in Brazil, it said. Per the company’s bulletin, Nu intends to list in the United States with intent to “negotiate a program of Brazilian Depositary Receipts” in its home country.

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