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Nubank Tumbles as End of Fintech’s $26 Billion Lockup Looms

  • Over 90% of Nubank total stock able to hit market this month
  • Nubank down more than a third since public offering last year
Nubank headquarters in Sao Paulo.

Nubank headquarters in Sao Paulo.

Photographer: Nelson Almeida/AFP/Getty Images

Updated on

Nu Holdings Ltd., the digital bank that counts Warren Buffett’s Berkshire Hathaway Inc. as a backer, is coming under renewed pressure as the end of a massive stock lockup nears.

Sao Paulo-based Nubank has shed more than a third of its market value less than five months after going public amid a global rout in tech stocks and concern whether the fintech firm can deliver on promised growth as credit quality deteriorates in Brazil.