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Tencent- and Berkshire Hathaway-backed neobank NuBank trims IPO to ~$47B valuation

New York Stock Exchange, Wall st, New York, USA

Matteo Colombo/DigitalVision via Getty Images

  • Hot Latin American neobank NuBank (NU) downsized its upcoming U.S.-Brazilian dual-listing IPO Tuesday, estimating the deal will now value the Tencent- and Berkshire Hathaway-backed firm at up to $47.1B − $3B less than originally expected.

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NU--
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BRK.A--
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