Salvador It’s not often that a Brazilian company leads an entire industry on Wall Street. But with its upcoming IPO on the New York Stock Exchange (Nyse), the Brazilian Nubank could become the reference for other global neo-banks such as Chime from California or Revolut from Great Britain, which are heading for the floor at the beginning of next year.
Like these fintechs, Nubank has long since reached the dimensions of the world’s leading banks: The fintech from São Paulo, founded in 2014, is hoping for a valuation of more than 50 billion dollars when it goes public at the beginning of December. That would be around twice as much as Deutsche Bank, for example. In recent months, São Paulo’s financial markets have seen values of 70 to 100 billion dollars making the rounds.
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