Reuters reported in June that Nubank made the invitation Banks To participate in an IPO that could value the company at more than $40 billion.
Thus, the Nubank IPO will be one of the largest IPOs of a South American company on the American Stock Exchange, and is close to other major global offerings this year, such as online brokerage Robinhoodreleased to the public in July.
Sources told Reuters that Nobank is expected to file for an initial public offering by the end of this year or early 2022.
The bank declined to comment on the matter. Morgan Stanley, Citi and Goldman Sachs declined to comment.
In June, Nubank raised $750 million in a funding round led by Berkshire Hathaway, which valued the Brazilian digital bank at $30 billion.
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