IPO Recap | Buffett-backed Nubank closes up nearly 15% after blockbuster IPO

On the last trading day, the NASDAQ Composite index dipped 1.71%, while the S&P 500 index declined 0.72%, and the Dow Jones Industrial Average dropped 0.00%.

On Thursday, there was no traditional IPOs filed and three new stocks officially listed for trading. Buffett-backed fintech unicorn NuBank soared 14.78% in first day of trading, valued at $47.61 billion.

GGV-backed cloud infrastructure platformHashiCorprose 6.49% in its market debut, valued at $15.24 billion.

Nu Holdings, founded in 2013, is a Brazilian digital bank backed by billionaire Warren Buffett’s Berkshire Hathaway.

NuBank is one of the world’s largest digital banking platforms (based on number of customers) and the latest of several fast-growing financial services companies - often serving customers overlooked by banks - grabbing investors' attention.

As of September 30, 2021, It had 48.1 million customers, across Brazil, Mexico and Colombia, including approximately 28% of the population of Brazil aged 15 and above.

HashiCorp, founded in 2012, is an open-source software company providing cloud infrastructure and data center management solutions.

The company has built its products using an open-core software development model, and all of its products are developed as open-source projects.

HashiCorp is a leading provider of multi-cloud infrastructure automation. The company helps developers manage their cloud infrastructure across major public clouds, including Amazon, Microsoft and Google.

The Covid-19 pandemic did little to set back HashiCorp, which considers itself “remote-first,” with a globally distributed workforce of 1,500 people.

ZIM Integrated Shipping Services Ltd.(NYSE:ZIM)is a global, asset-light container liner shipping company with leadership positions in niche markets.

Founded in Israel in 1945, it is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services.

It seeks to maximize operational efficiencies while increasing the profitability by leveraging its asset-light model and benefitting from a flexible cost structure. It has also developed a variety of digital tools to better understand customers' needs through data analysis including business and artificial intelligence.

ZIM Shipping went public on January 27th, 2021. As of December 20th, 2021, it has a listed-to-date gain of 261%, with a market capital of $6.42 billion.