Nu Holdings Launches IPO

Nu Holdings Ltd. (NU) announced the launch of its initial public offering, consisting of an international offering of up to 289,150,555 class A ordinary shares pursuant to a registration statement on Form F-1 filed with the SEC, and a concurrent offering in Brazil of class A ordinary shares in the form of Brazilian depositary receipts, each BDR representing 1/6th of a class A ordinary share. The estimated price range
for the international offering is $8.00 to $9.00 per class A share.

The company has been approved to list class A ordinary shares on New York Stock Exchange under the symbol, Nu. It plans to trade the BDRs with the B3 S.A. - Brasil,
Bolsa, Balcao under the symbol, NUBR33.

Nu plans to use the net proceeds for general corporate purposes. Additionally, it may use a portion of the proceeds to acquire or invest in businesses, products, services, or technologies.

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