Nubank Shares Can Now Be Purchased on Mexico’s Stock Exchange

The news about Nubank doesn’t stop. This time it was announced that Nu Holdings is now listed on the Mexican stock market through the International Quotations System (SIC). This means that its shares will be available on the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA); using the ticker symbol “NU”.

Last December, the Brazilian neobank made history launching its initial public offering (IPO) on the New York Stock Exchange (NSYE). Its debut on the stock market happened at a reference price of US$9 per share. This led the company to obtain a market capitalization of US$41.5 billion and raise around US$2.8 billion in gross proceeds, thus making it the largest IPO globally since 2012, according to BIVA data.

Its NYSE listing also represented one of the largest DSPs in the world, with more than 800,000 IPO participants. It has had the most retail investor participation in Brazil.

Nubank Continues Growing

Through the fourth quarter of 2021, Nu Holdings reported revenues of US$645.9 million. This is a 224% growth compared to the same time period in 2020.

The digital bank platform has more than US$70 billion in assets. 57% of these belong to issuers incorporated in North America, 37% to European issuers and the rest to Asia, South America, Africa and Oceania.

Nubank’s arrival in Mexico was favorable for both the company and the population, since as of December last year it closed with 1.4 million customers.

Nubank currently operates in Brazil, Mexico and Colombia, and has 53.9 million customers. The digital bank has established itself as one of the largest in Latin America; it is backed by SoftBank, Sequoia, Tiger Global, Morgan Stanley, Goldman Sachs, Citigroup and NuInvest.

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