Buffett-backed Nubank to seek IPO valuation of over $55 bln

  • BANGALORE/SAO PAULO, Aug 25 – Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country’s top traditional lender, two sources familiar with the matter said.
  • One source said that in recent weeks Nubank’s bankers have pitched a valuation of as much as $100 billion.
  • Nubank declined to comment on the expected valuation.
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