Buffett-backed Nubank hires investment banks to lead IPO – source By Reuters – Investing.com

Buffett-backed Nubank hires investment banks to lead IPO – source By Reuters – Investing.com

By Carolina Mandl and David French

(Reuters) - Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway (NYSE:), has hired Morgan Stanley (NYSE:), Goldman Sachs (NYSE:) and Citigroup (NYSE:) to help lead its U.S. initial public offering, a source familiar with the matter said on Monday.

Reuters reported in June that Nubank had invited investment banks to pitch for roles in the upcoming IPO, which could value the company at more than $40 billion.