Nubank shares fall about 10% in New York

In brief

Nubank shares fell about 10% in New York after reports of talks to buy Monzo.

The company did not comment.

Verified fact · material
Nu Holdings shares fell between 9% and 10% on the New York Stock Exchange on September 28.
Measures the market reaction.
Sources[01][02][03]
Verified fact · material
The drop came after reports that Nubank is in preliminary talks to buy British digital bank Monzo.
Identifies the catalyst.
Sources[01][04][05]
Verified fact · material
Nubank said it does not comment on market rumors.
Shows the deal was not confirmed.
Sources[01][02]
Verified fact
According to InfoMoney, the stock closed at US$ 12.23 and, according to Sky News cited by the outlet, Monzo could be valued at 8 to 10 billion pounds.
Sizes the deal.
Sources[01]

Transmission to assets

The drop prices the risk of an expensive acquisition and a strategy shift.

Until there is confirmation, the stock tends to react to each new report on Monzo.

NU (Nu Holdings)negative

Risk of an expensive acquisition and strategy shift weighs on the stock.

Deal not confirmed.

What would change the view: Talks advancing at the reported price.

direct50% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

Limits of the reporting

The talks were reported by Sky News without company confirmation; values and terms are not official.