Buffet-backed Nubank to seek US IPO valuation over $55 billion - NewsBreak

Nubank, the largest LATAM fintech bank backed by the American billionaire investor and business magnate Warren Buffet having had a customer-base of 40 million, headquartered in Sau Paolo, Brazil, had been looking to raise a market valuation at its planned US IPO (Initial Public Offerings) which could value the fintech start-up above Brazil's leading traditional lender, at least two sources familiar with the subject-matter had unveiled on condition of anonymity given the sensitive nature of the issue.