The Nubank stock went public on the New York Stock Exchange (NYSE) on Thursday (December 9) and interestingly, it started trading 25% above its set IPO. On Wednesday the IPO was priced at $9 per share but the stock’s first trade was at $11.25.
With about 4.61 billion shares remaining after the IPO that raised $2.6 billion, the first trading price valued the company at about $51.8 billion although the company went ahead to extend the gains before the close of their first day on NYSE.
By the close of the day, the stock had already hit $11.91, taking the stock up by about 32.4%.
To help stock investors interested in investing in Nubank stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Nubank stock?
Nubank stock is the stock of Nu Holdings Ltd and trades on the New York Stock Exchange (NYSE) under the symbol NYSE: NU.
The Nu Holdings Ltd is also commonly referred to as Nubank and it is a Brazilian digital bank.
Its shares went public yesterday Thursday, December 9, 2021, after conducting an IPO the day before.
Should I buy the Nu stock today?
If you are looking for a new stock that you can invest in, the NU stock is a perfect opportunity going by its price hike on its debut on NYSE.
Nubank stock price prediction
The Nubank stock price is expected to continue rising and possibly close the year above $15.
$NU social media coverage
The post Nubank stock makes NYSE debut 25% higher than IPO price: here is where to buy the stock appeared first on Invezz.
