{"id":10570,"date":"2021-11-23T18:19:21","date_gmt":"2021-11-23T15:19:21","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=10570"},"modified":"2023-06-28T18:26:00","modified_gmt":"2023-06-28T15:26:00","slug":"ipo-of-nu-holdings-ltd-a-neobank-from-south-america","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/11\/23\/ipo-of-nu-holdings-ltd-a-neobank-from-south-america\/","title":{"rendered":"IPO of Nu Holdings Ltd.: A Neobank From South America"},"content":{"rendered":"\n

Any commercial bank offers its clients a particular set of banking operations using a mobile application. Alongside the development of internet banking, the number of “offline” bank offices and branches was reducing. In the 2010s, the process of the global banking system digitalization boosted significantly with the appearance of neobanks, the companies that don’t really have classic “offline” offices. Clients of such banks perform all banking operations in mobile applications, which make their lives much easier.<\/p>\n\n\n\n

\"IPO<\/figure>\n\n\n\n

Nu Holdings Ltd., a developer of a digital banking platform, is going to have an IPO<\/a> at the NYSE<\/a> before the end of November. The company’s shares will start trading the next day under the “NU” ticker. In this article, we'll take a closer look at the company's business, its strong sides, and the risks of investing in its shares.<\/p>\n\n\n\n

<\/span><\/a>Business of Nu Holdings Ltd.<\/span><\/h2>\n\n\n\n

Nu Holdings Ltd. Was established in 2013 in the Cayman Islands. The company employs over 5,000 people. The banking platform is an absolute leader in Brazilian, Mexican, and Colombian markets. As of now, Nu Holdings Ltd. Has about 48 million clients all over the world.<\/p>\n\n\n\n

\"Business<\/a>
Business indicators<\/a> of Nu Holdings Ltd.<\/em><\/figcaption><\/figure>\n\n\n\n

The key drivers of the company’s growth are the following features implemented by the management:<\/p>\n\n\n\n