Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b

Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b

Photo: NuBank

Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country’s top traditional lender, two sources familiar with the matter said.

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