- 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.
[Via]
