Nubank, a Brazilian fintech company backed by Warren Buffet, debuted on Thursday on the New York Stock Exchange, now trading under the ticker symbol NU. The company started in 2013, offering a no-fee credit card in Brazil, a country notorious for their high-fee credit cards. On its debut, shares of NU closed up almost 15%, for a market capitalization nearing $50B.
.Buffett-backed Nubank closes up nearly 15% in trading after blockbuster fintech IPO
