The Nubank stock went public on the New York Stock Exchange (NYSE) on Thursday (December 9) and interestingly, it started trading 25% above its set IPO. On Wednesday the IPO was priced at $9 per share but the stock’s first trade was at $11.25.
With about 4.61 billion shares remaining after the IPO that raised $2.6 billion, the first trading price valued the company at about $51.8 billion although the company went ahead to extend the gains before the close of their first day on NYSE.
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By the close of the day, the stock had already hit $11.91, taking the stock up by about 32.4%.
To help stock investors interested in investing in Nubank stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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Nubank stock is the stock of Nu Holdings Ltd and trades on the New York Stock Exchange (NYSE) under the symbol NYSE: NU.
The Nu Holdings Ltd is also commonly referred to as Nubank and it is a Brazilian digital bank.
Its shares went public yesterday Thursday, December 9, 2021, after conducting an IPO the day before.
If you are looking for a new stock that you can invest in, the NU stock is a perfect opportunity going by its price hike on its debut on NYSE.
The Nubank stock price is expected to continue rising and possibly close the year above $15.
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