Nu Holdings Ltd. Announces Pricing of Initial Public Offering
December 08 2021 - 5:55PM
Business Wire
Nu Holdings Ltd. (NYSE: NU | B3: NUBR33), (“Nu”), one of
the world’s largest digital banking platforms and one of the
leading technology companies in the world, today announced the
pricing of its initial public offering, consisting of an
international offering of 289,150,555 Class A ordinary shares
pursuant to a registration statement on Form F-1 filed with the
U.S. Securities and Exchange Commission (“SEC”) at a public
offering price of $9.00 per Class A ordinary share, and a
concurrent offering in Brazil of Class A ordinary shares in the
form of Brazilian depositary receipts (“BDRs”) registered with the
Brazilian Securities Commission (“CVM”), each BDR representing
1/6th of a Class A ordinary share, at a public offering price of
R$8.36 per BDR, based on the December 8, 2021 exchange rate of
R$5,579 to US$1.00 published by the Central Bank of Brazil
(together, the “global offering”). The number of Class A ordinary
shares to be sold in the international offering may be reduced by a
portion of the Class A ordinary shares that are initially being
offered in the form of BDRs in the concurrent Brazilian
offering.
In connection with the international offering, Nu has granted a
30-day option to purchase up to an additional 28,571,429 Class A
ordinary shares at the initial public offering price, less
underwriting discounts and commissions.
The Class A ordinary shares are expected to begin trading on the
New York Stock Exchange under the ticker symbol “NU” on December 9,
2021 and the BDRs are expected to begin trading on the São Paulo
Stock Exchange (B3) under the ticker symbol “NUBR33” on December 9,
2021 and the global offering is expected to close on December 10,
2021, subject to customary closing conditions.
Nu intends to use the net proceeds from the offering for general
corporate purposes, including working capital, operating expenses,
and capital expenditures. Additionally, Nu may use a portion of the
net proceeds to acquire or invest in businesses, products,
services, or technologies.
The offering is being made through an underwriting group led by
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC,
Citigroup Global Markets Inc. and Nu Invest Corretora de Valores
S.A..
The offering will be made only by means of a prospectus. When
available, copies of the final prospectus may be obtained by
contacting: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014;
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York 10282, or by telephone at (866)
471-2526; or Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, or by telephone at (800) 831-9146.
A registration statement on Form F-1 relating to these
securities has been filed with, and declared effective by, the SEC.
Copies of the registration statement can be accessed through the
SEC’s website at www.sec.gov. The Brazilian offering of the
BDRs has been registered with and approved by the CVM. This press
release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor will there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20211208006103/en/
Investor Contact: Federico Sandler ir@nubank.com.br
Media Contact: Leila Suwwan press@nubank.com.br
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