Crypto
Nu Holdings Stock Surges on Monzo Deal Ruling
Nu Holdings stock jumped 3% to $12.98 after the Brazilian fintech clarified it isn't pursuing a deal with Monzo, a privately held British digital bank.
The clarification came in response to media reports of a potential transaction and helped settle an acquisition question that had been hanging over Nu Holdings.
Nu Holdings' statement confirmed its capital allocation framework remains unchanged, with the company prioritizing deepening its Brazil franchise, scaling operations in Mexico and Colombia, and building a presence in the U.S. and worldwide through Nu Global.