Home » News » Brazilian Nubank celebrates its IPO in New York – paper loses significantly at the close of trading Brazilian Nubank celebrates its IPO in New York – paper loses significantly at the close of trading December 10, 2021 by world today news Nubank logo on the New York Stock Exchange The Brazilian digital bank was worth $ 52 billion when it went public. – (Photo: Reuters) – – – – Frankfurt US investors fought for the shares of the fintech Nubank at the start of trading. The paper of the Brazilian online bank rose to the IPO on the New York Stock Exchange to 11.25 dollars and are 25 percent above their issue price of nine dollars. This makes the institute worth $ 52 billion on the stock exchange and makes Nubank the most valuable financial institution in Latin America. By the close of trading, the paper lost much of its momentum and closed almost ten percent in the red. Nubank had raised $ 2.6 billion from investors on Wednesday. The donors also include Berkshire Hathaway, the conglomerate of star investor Warren Buffett. Berkshire reportedly bought 10 percent of the shares Nubank had when it launched. Read on now Get access to this and every other article in the Web and in our app for 4 weeks free of charge. – Continue – – Read on now Get access to this and every other article in the Web and in our app for 4 weeks free of charge. – Continue – – — . Related posts:Julius Randle brings back memories of Carmelo AnthonyChild Arsonists Cause Fire in Forest AreaMayor of Knokke-Heist Leopold Lippens is struggling with his healthWeratschnig / Lackner: Styrian public transport is getting a boost that has never been seen beforeShare this:FacebookX Related Christof Mair is the new director of the Raiffeisenkasse Eisacktal Carbon stocks in power plants and heating plants at a critical level Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.