As soon as hailed as a Brazilian success story, the trajectory of fintech Nubank could possibly be about to change into a cautionary story as a substitute. The digital financial institution went public on the New York Inventory Change final December with an IPO that pushed its worth previous USD 52 million and made it Latin America’s most respected 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 Might, this pattern is just not restricted…
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