Nubank shares closed sharply down this Monday (20) on the New York Stock Exchange. The company’s shares retreated 8.78%, quoted at US$ 8.94. It was the first time that Nubank shares were traded below the price defined in the IPO (Initial Public Offering), of US$ 9, according to the G1.
For BTG Pactual, according to the portal, Nubank has almost everything a fintech could want, such as a beloved brand, engaged customers, a visionary founder and good shareholders, but the combination of a high valuation and a bad macroeconomic moment make the shares a bet risky.
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