Economy & Business - January 2022

BRAZIL: Nubank takes off

Brazil’s Nubank, a fintech that is also described as a neo-bank, launched a highly successful IPO on the New York Stock Exchange on 8 December 2021, raising US$2.6bn and valuing the company at around US$48bn. The launch broke a number of records and prompted bullish predictions for future growth. Yet some see risks ahead if Brazil’s economic growth turns out to be disappointing this year.

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