Where to buy Nubank stock
Nubank is a Brazilian neobank and the largest financial technology bank in Latin America. It was founded in 2013 by Colombian David Vélez, Brazilian Cristina Junqueira and American Edward Wible. Less than 10 years later, the fintech company has survived a recession and a pandemic, emerging with 48 million customers across Brazil, Colombia, and Mexico, and a valuation higher than Chime, Robinhood, or SoFi. In December 09, 2021, Nubank officially launched its public IPO offering on the NYSE, valuing the company at $45 Billion, making it the most valuable digital neobank.
Although some media outlets are describing this as the Nubank IPO, it's in fact the holding company, Nu Holdings, that went public. After Nu Holdings' IPO, NU stock began trading on the secondary market, on the New York Stock Exchange (NYSE).
Backed by Warren Buffett's Berkshire Hathaway (BRK.B), Nu Holdings received at least $2.1 billion in equity investments, prior to its IPO, from investors including Tencent Holdings (OTCPK:TCEHY), Rua California Ltd. (CEO Osorno controls), Sequoia Capital, DST Global, and Tiger Global Management.
Is Nu holdings a good stock to buy?
Before buying Nubank (NYSE: NU) stock—or any stock—it’s wise to do some research into the company’s financials, performance and future outlook. The easiest place to get started is through a company’s annual reports (Form 10-K) and quarterly reports (Form 10-Q). You can find these on Nubank’s investor relations site or by searching the Securities and Exchange Commission’s (SEC) database.
Without much public information available about the company through November 2021, investors can find financial data on Nu Holdings' Form F-1. The SEC filing shows that, as of September 30, 2021, NU had $2 billion in cash and $13 billion in total liabilities. Free cash flow during the twelve months ended September 30, 2021, was negative ($1.26 billion).
Financial statements including the income statement, balance sheet, and the statement of cash flows, can help investors learn about Nu Holdings' cash flow trends, financial position, and capitalization structure.
Once you’ve decided how much you want to invest in Nubank, you can buy your first shares.
How to buy Nubank stock
Before you can do anything in the stock market, you must first pick a brokerage. We recommended SoFi for IPO investing, Robinhood for beginners, and eToro for traders interested in social trading.
To use Robinhood or SoFi, you must be a US citizen, a permanent resident, and have a valid US visa. For non-US investors, eToro is the best international broker to buy Nubank stock. Read our review here and find out more about eToro:
