{"id":54545,"date":"2021-12-13T10:06:33","date_gmt":"2021-12-13T08:06:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54545"},"modified":"2025-09-03T20:59:46","modified_gmt":"2025-09-03T17:59:46","slug":"digital-bank-backed-by-buffetts-investment-holding-lists-on-the-nyse","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/digital-bank-backed-by-buffetts-investment-holding-lists-on-the-nyse\/","title":{"rendered":"Digital bank backed by Buffett&#8217;s investment holding lists on the NYSE"},"content":{"rendered":"<p>On December 9, the Brazilian digital bank Nubank conducted an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> on the New York Stock Exchange, raising $2.6 billion, Bloomberg reports. In two days, the shares rose 31.7%, and the market capitalization reached $54.6 billion.<\/p>\n<p>With this valuation, Nubank became the most valuable financial institution in Latin America.<\/p>\n<p>Headquartered in S\u00e3o Paulo, Nubank serves more than 48 million customers in Brazil, Colombia and Mexico.<\/p>\n<p>In September 2020 the company <a href=\"https:\/\/building.nubank.com.br\/nubank-acquires-digital-broker-easynvest\/\">acquired<\/a> the Easynvest investment platform. In May 2021 the Central Bank of Brazil approved the merger, and on June 2 the parties <a href=\"https:\/\/blog.nubank.com.br\/nubank-easynvest-juntas\/\">closed<\/a> the deal.<\/p>\n<p>In June, Warren Buffett&#8217;s investment holding Berkshire Hathaway <a href=\"https:\/\/forklog.com\/en\/news\/warren-buffetts-berkshire-hathaway-invests-500-million-in-crypto-friendly-neobank-nubank\">invested $500 million<\/a> in Nubank. The financing formed part of the Series G round, in which the digital bank was valued at $30 billion.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 9, the Brazilian digital bank Nubank conducted an IPO on the New York Stock Exchange, raising $2.6 billion, Bloomberg reports. Over two days the shares surged 31.7%, and the market capitalization reached $54.6 billion.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1211,1542],"class_list":["post-54545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-stock-market","tag-warren-buffett"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54545"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54545\/revisions"}],"predecessor-version":[{"id":54546,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54545\/revisions\/54546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}