Mattos Filho assists underwriters in Nubank’s IPO
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados assisted the underwriters in the IPO of Nubank
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados acted as advisor to the underwriters in relation to the IPO of Nubank, whose class A common shares were listed on the New York Stock Exchange and BDRs (Brazilian Depositary Receipts) at B3 S.A. – Brasil, Bolsa, Balcão.
Nubank’s arrival on the stock exchange occurred through its holding company, Nu Holdings Ltd. based in the Cayman Islands, which consolidates all segments and countries in which the digital bank operates. Nubank’s IPO was pioneering in several aspects, in particular for being the first to simultaneously register a stock offering abroad with the SEC and with the CVM a BDR offering in Brazil, representing a historical milestone for the Capital Markets.
The Global Offering reached R$14,452,161,324.47, without considering the amount allocated to the Customer Program and the over-allotment option, placing Nubank as the leader in the volume offered among IPOs in Brazil, positioned as the most valuable bank in Latin America in terms of market value and, consequently, as the most successful Brazilian startup (“unicorn”) in history.
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados represented the underwriters Nu Invest Corretora de Valores S.A, Banco Morgan Stanley S.A., Goldman Sachs do Brasil Banco Múltiplo S.A., Citigroup Global Markets Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários S.A, Banco HSBC S.A., UBS Brasil Corretora de CTVM S.A., Banco Safra S.A., and with partner Vanessa Fiusa (pictured) and associates Henrique Ferreira Antunes, Gabriela Castro Rabelo, Yasmin Karam Tomaino, Vivian Hatushikano, Matheus Salim Tavares.
White & Case, LLP represented the same parties.
Pinheiro Neto Advogados was brazilian counsel to the issuer and other companies within its economic group) and relied on partners José Luiz Homen de Melo, Guilherme Sampaio Monteiro, senior associates Tatiana Guazzelli, Raphael Palmieri Salomão, Luiz Felipe Fleury Vaz Guimaraes, associates Julia Barbosa Campos, Lucas Cassoli Bretones, legal assistants Gabriela Kaneshiro Pereira and Vinicius Gonzaga.
Davis Polk & Wardwell LLP (U.S. counsel to the issuer). Campbells Corporate Services Limited (Cayman Island counsel to the issuer).
