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Tuesday, June 08, 2021 1:32:17 PM

Re: Prudent Capitalist post# 1566

Post# of 1659
BRK's Private Equity component:

"Berkshire Hathaway Just Invested in Another Fintech:

"Berkshire's latest fintech investment
It was reported on Tuesday that Berkshire has invested $500 million in another Brazilian fintech start-up called Nubank, which is best known for issuing credit cards. Nubank, which is private, raised a total of $750 million in new funding (including Berkshire's) at a valuation of $30 billion.

Nubank currently has 40 million customers and plans to expand its operations into Mexico and Columbia, and there have previously been rumors that the company is eyeing a U.S. IPO in the not-too-distant future.

StoneCo has been a highly successful investment for Berkshire, up by about 160% from the $24 share price Berkshire paid at the time of the fintech's late-2018 IPO, and Berkshire is clearly hoping for a repeat of its initial success in the Brazilian fintech market."

https://www.fool.com/investing/2021/06/08/berkshire-hathaway-just-invested-in-another-fintec/

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