For Brazilian shareholders, Nubank’s IPO has a bitter aftertaste

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In 2021, we wondered whether Brazil could be in for an IPO bonanza. It hasn’t happened: Not only is Latin America’s largest economy going through the same IPO drought as the rest of the world, but also one of its highest-profile public listings, Nubank, is coming to a sudden end. Let’s explore. — Anna
What does it mean?
Nubank is one of Latin America’s preeminent neobanks,

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