Brazilian digital bank Nubank sends IPO information to US, Brazilian regulators

On October 28, the parent company of Brazilian digital bank Nubank announced on Wednesday that it had filed a complaint with US and Brazilian authorities over its IPO request. Confidentiality of Registration Form-1 with the United States Securities and Exchange Commission (SEC), including submission of documents to the Brazilian Customs Service, Comissão de Valores Mobiliários (CVM). An IPO is performed after the SEC and CVM have completed their audit process, depending on the market and other conditions. The first public offering (IPO) in the United States is expected to take place on the New York Stock Exchange in December. Nubank offers digital products such as banknotes, personal loans and life insurance and now has more than 40 million customers in Brazil, Mexico and Colombia. After receiving $ 500 million from Buffett's Berkshire Hathaway in June, the company is worth $ 30 billion. (several blocks)