Nubank began trading its shares at the NYSE

Nubank finally began trading its shares yesterday at the New York Stock Exchange. Its shares began trading at a price of 9 dollars, which makes Nubank the largest listed bank in Latin America. Through this IPO, Nubank raised US$2.6 billion. Morgan Stanley, Goldman Sachs, Citigroup and NuInvest lead the offering as global coordinators.

Nubank’s CEO David Velez rang the bell at the New York Stock Exchange together with its co-founders Cristina Junqueira and Edward Wible. Created 8 years ago as a company that offered a free credit card, Nubank has become the most valuable publicly traded bank in the region. 

David Velez expressed his excitement in the following statement: “We were crazy at the beginning, thinking we could challenge the biggest companies in Latin America, but here we are with a great team doing incredible things, obsessed with the experience of 48 million people. It’s not just being here, it’s how we got here.”

Also, he stated that this Initial Public Offering will enhance their ability to innovate, grow, create new products and reach more customers.

Read more at Forbes