Buffett-backed Nubank to seek IPO valuation of over $55.4 billion - sources - NewsBreak

BANGALORE/SAO PAULO (Reuters) - Brazilian fintech Nubank is seeking a valuation in its planned U.S. initial public offering exceeding that of the country's top traditional lender Itau Unibanco Holding SA, two sources familiar with the matter said. If Nubank is successfully listed at greater than Itau's $55.4 billion market cap,...