SoFi Stock x Nubank IPO: Everything You Need To Know [BUY or PASS?!]

Sofi Stock, everybody’s favorite FINTECH led by CEO Anthony Noto is announcing early access to the NuBank IPO which is a Brazilian financial technology company. NuBank has also attracted interest from one of the world’s greatest investors of all time Warren Buffet & Berkshire Hathaway. Berkshire Hathaway funded about 500 million dollars in NUBANK that made its valuation jump to about 30 BILLION DOLLARS around that time. Nubank is a NEOBANK that was founded in 2013 which means, it’s a digital bank that only works in the virtual world and they have no physical branches aka lower overhead costs. CEO David Vélez knew that the Brazilian banking system was broken, and he then decided to build up NUBANK along with Cristina Junqueira and Edward Wible. Right now, NUBANK IS one of THE BIGGEST if not the BIGGEST digital banks in the world, and the largest FINTECH in Latin America. NUBANK started out with zero-fee credit cards, and through time, they got the chance to expand into insurance, savings, and loans. On top of that, it has already reached MEXICO and Colombia. As of September 30, 2021, Nubank has around 48 Million Users. And how much does SoFi Have? 2.9 Million At the time of recording this. Back in October this year, the company filed for its New York Stock Exchange IPO, initially expecting about 3.2 billion dollars with 289 million shares to be priced around 10 to 11 dollars each. But recently, the company announced that it will be scaling back its target valuation--from 50.6 billion down to 41.5 billion dollars now. Morgan Stanley, Goldman Sachs, Citigroup, and others will be the underwriters for the said transaction. Is Nubank set for a huge success after going public? Let’s check out another Brazilian fintech company that went public recently, StoneCo. StoneCo is a fintech company that provides solutions that help entrepreneurs increase their sales and productivity. Stoneco technologies allows merchants and other vendors to conduct commerce in-store, online, and mobile channels, primarily in Brazil. StoneCo was founded in 2012 by Andre Street and Eduardo Pontes, it went public in 2018. Not only are StoneCo and Nubank both Brazilian companies, but these companies are also backed by Warren Buffett. Is the OG of investing seeing something that we don’t in these Latin American companies? StoneCo stock isn’t looking too hot right now. StoneCo stock is currently priced at $15.60 price per share, an almost 84% decrease from its all time high price of $95.12 per share last February. StoneCo had faced so many struggles with its credit business this year, that it had to eventually stop its credit business operations. In addition to that, StoneCo reported disappointing results in the third quarter that added uncertainty to its investors. The Brazilian economy itself could be headed towards a recession according to economists and Brazil is struggling with a high unemployment rate and double-digit inflation. StoneCo might be heading on a long journey before it can get back to its feet.

*We are not financial advisors so please always do your own due diligence*

TIMESTAMPS:
00:00 New Bank (NUBANK) Going Public
00:10 People Are Investing a Lot In IPOs
00:20 SoFi & Robinhood Give Pre IPO Access To Nubank
00:42 Welcome To Wealth Gambit
01:00 NOT LEAVING
01:10 SoFi’s Pre IPO Access Earlier This Year
01:40 Warren Buffet Backing Nubank
01:58 Nubank Overview
02:18 Nubank is The Biggest Digital Bank
02:36 How many Users Nubank Has
02:48 Nubank Gets Brazilian Banking License
03:06 Company Files For IPO October
03:19 Nubank Announces It’s Scaling Back It’s Target Valuation
03:35 StoneCo - Brazilian Fintech
04:00 Warren Buffet on Brazilian Fintechs
04:14 StoneCo Stock Price Decrease
04:39 Brazilian Economy Not Looking Too Good
04:52 How Rivian Performed After IPO on SoFi
05:02 Anthony Noto Talking About Rivian
05:53 How Commander Noto Views SoFi’s Pre IPO ACCESS
06:40 Is Nubank Stock A BUY?
07:04 Check Out Our SoFi Playlist
07:15 Companies Going Public Through SoFi
07:44 Comment Down Below

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[WealthGambit]

NUBANK IPO expected date is December 9. The price range on SoFi Platform is expected to be around $8-$9 per share. The market is down and everyone is panic selling. Comment down below what you think about NUBANK and the overall market. Will you be investing?

[stacyfitzgerald]

Probably won’t be investing in nubank but just bought the SoFi dip 🙌

[ohnonot]

Not only holding, doubled my investment in SOFI on Friday.

[thepaulinator]

Still holding SOFI and bought more on this dip

[kevinbyrd]

Bought more SoFi on the dip this morning.

[DoyleTheExplorer]

Bought more shares today right at market open... should of waited another hour Will be buying more on Monday thankfully with some extra cash

[georgelepage]

My answer is yes strictly a relative population situation U.S. vs Brazil in all aspects.

[greatkingbusa]

Nicely done, Sofi will be fine, don’t forget to mention the end of the moratorium on those loans(student loans). I think at the end of January so that’s another catalyst to propel Sofi in 2022. Combine that with the bank charter all Sofi dips are buying opportunities👍

[AzharKhan-ysle]

Had reserved $20, 000 on NU Bank as it looks good, however SOFI maybe better investment at these levels & pick up NU at lower levels after IPO since current market still shaky? Bit NU looks excellent for long term growth also and SOFI could help it with various complimentary products