BuybackJun 4, 2026, 07:11 AM
Nu Holdings Announces $1.0 Billion Share Repurchase Program
AI Summary
Nu Holdings Ltd. announced that its board of directors has approved a share repurchase program of up to US$1.0 billion of its outstanding Class A ordinary shares. The program will run for a 12-month period, from June 4, 2026, to June 3, 2027. Repurchases will be made in the open market or privately negotiated transactions, funded by cash balances from retained and future earnings. The company expects to retain acquired shares in treasury or cancel them.
Key Highlights
- Nu Holdings' board approved a share repurchase program.
- The program authorizes repurchases of up to $1.0 billion of Class A ordinary shares.
- The repurchase period is 12 months, from June 4, 2026, to June 3, 2027.
- Repurchases will be made in the open market or privately negotiated transactions.
- The program will be funded by cash balances from retained and future earnings.
- Acquired shares will be retained in treasury or subsequently canceled.
Price Impact
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