Nubank closes up nearly 15% in trading after blockbuster fintech IPO
Shares of Brazilian fintech company Nubank closed up nearly 15% in its market debut Thursday on the New York Stock Exchange, going public under the ticker symbol “NU.” Shares closed at $10.33, giving the company a market cap of close to $50 billion in one of this year’s largest IPOs.
Nubank priced 289 million shares at $9 apiece on Wednesday, the top end of its expected range of $8-$9 per share.
