This week: Nubank raises massive amounts in IPO. How Bolsonaro won Time’s Person of the Year poll. Free internet for students. And the latest on the Health Ministry hack.
Nubank IPO deemed a success
The initial public offering of Brazilian digital bank Nubank exceeded expectations and pushed the company’s valuation to over USD 52 million. Share prices closed their first day of trading on the New York stock exchange up 14.56 percent.
Why it matters. Nubank not only became the most valuable financial institution in Latin America, but also the sixth-most valuable company in the region.
- The fintech is...
