NU Went Public With A Price Of $9 Per Share: What Should You Do?

The company’s initial public offering price was $9 per share, which was more than the predicted range of $8 to $9. Nevertheless, the company also gave a 30-day option to purchase an extra 28,571,429 Class A ordinary shares as an international NU placement. As I mentioned above, the company began trading on the NYSE yesterday, on December 9, under the symbol of NU, while on the Sao Paulo Stock Exchange, it will trade under the ticker symbol NUBR33. The net proceeds from the sale will be used for general company objectives, such as working capital, operating expenses, and capital expenditures. According to the report, a portion of the net proceeds may also be used by Nu to buy or invest in businesses, products, services, or technologies.