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As soon as hailed as a Brazilian success story, the trajectory of fintech Nubank might be about to turn out to be a cautionary story as an alternative. The digital financial institution went public on the New York Inventory Trade final December with an IPO that pushed its worth previous USD 52 million and made it Latin America’s most useful monetary establishment. Half a 12 months on, issues don’t look so rosy: Nubank’s share costs at the moment are valued at round 30 % of their post-IPO quote.
As The Brazilian Report defined within the first version of its Market Roundup in Could, this development just isn’t restricted…
Entry all of The Brazilian Report
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