Crypto Friendly Bank Nubank Plans To Go In Public

Nubank, which supports crypto, is planning an initial public offering (IPO) on Nasdaq. Bank also stated that the Bitcoin ETF will bring exposure to the Crypto Industry. 

A company which got listed on Nasdaq, became an example of seal trust for the public. Nubank is fully backed by Berkshire Hathaway. And Betkshire is owned by Warren Buffett. Nubank planning is to become a new legend in the financial industry.

Nubank bank, which is also known as Nu Pagamentos SA. This bank is planning to bring Initial Public Offering ( IPO) to the Nasdaq stock exchange. Reportedly they have Initial plan of around $2 billion fund if IPO at the end of 2021. It seems that they are planning something very big as per reports. Since this information is not under public domain by the officials. Only reports are revolving in the media news market. But it is confirmed that discussion is going on right now on this matter.

Experts also claim that the valuation of Nubank may exceed around $40 billion. In 2019 bank was valued to around $10.4 billion through a private funding. But its valuation exceeded to around $30 billion after the funding by Berkshire with only $500 million, in June. 

Nubank is planning to bring an IPO with the involvement of Morgan Stanley, Goldman Sachs Group Inc, Citigroup Inc., and UBS Group AG. 

Right now Nubank allows Bitcoin Investment in his platform Bitcoin ETF. The trading platform was renamed by the bank itself before this year. In the present time Bitcoin ETF trading platform is known as  “Easynvest by Nubank”.

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