Nu Holdings (NU) Authorizes $1B Share Repurchase Program Over Next 12 Months

The programme is designed to present worth to shareholders portion ensuring that each existing maturation investments crossed Brazil, Mexico, Colombia, and the United States, including indispensable regulatory superior buffers, stay afloat funded.

The repurchases volition beryllium conducted periodically successful the unfastened marketplace successful accordance with applicable securities regulations. Nu Holdings Ltd. (NYSE:NU) noted that the programme is discretionary, meaning it is not obligated to get a circumstantial fig of shares and maintains the flexibility to suspend, modify, oregon discontinue the program astatine immoderate time.

Nu Holdings Ltd. (NYSE:NU) operates arsenic a integer banking level supplier crossed the United States, Mexico, the Cayman Islands, Colombia, and Brazil. The institution provides spending solutions, including Nubank+ Tier, Nu recognition and prepaid card, Ultraviolet recognition and prepaid card, mobile outgo solutions, and Nu Shopping. It besides offers transactional Solutions, and savings & investing solutions.

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