Nu Holdings / Nubank 2021
Public Markets acquired Nu Holdings for $40B on December 8, 2021.
- Target
- Nu Holdings
- Acquirer
- Public Markets
- Deal value
- $40B
- Announced
- December 8, 2021
- Sub-sector
- Neobank
Transaction overview
- Public Markets announced the acquisition of Nu Holdings on December 8, 2021 for $40B.
- The deal is expected to close pending customary conditions.
Strategic rationale
Brazilian neobank IPO capitalizing on fintech disruption of concentrated traditional banking market; targets $40B valuation.
Deal terms & multiples
Frequently asked questions
How much did Public Markets pay for Nu Holdings?
Public Markets acquired Nu Holdings for $40B, announced on December 8, 2021.
When did Public Markets announce the acquisition of Nu Holdings?
Public Markets announced the acquisition of Nu Holdings on December 8, 2021.
What sub-sector is Nu Holdings in?
Nu Holdings is tracked in the Neobank sub-sector.
Sources
- fool.com /investing/2021/12/11/digging-into-the-nubank-ipo/?source=iedfolrf0000001