Deals
Nubank Analysts to Weigh Premium to Rivals After Blockbuster IPO
- Initiations of Brazilian fintech awaited as quiet period ends
- BTG Pactual analysts warn of ‘extremely high’ multiples
Nubank headquarters in Sao Paulo.
Photographer: Nelson Almeida/AFP/Getty ImagesThis article is for subscribers only.
Sell-side analysts are set to initiate coverage of Latin America’s most valuable financial company, Nu Holdings Ltd., next week, weighing its growth prospects against relatively rich valuations.
Lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. can issue reports starting Monday, 25 days after the company’s initial public offering. HSBC, UBS, KeyBanc, Nau Securities and Susquehanna were also among the sales team.