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Nu Holdings F1 Deal Puts Growth Story On Global Stage
Nu Holdings (NYSE:NU) has entered a multiyear partnership with the Mercedes AMG PETRONAS Formula 1 Team.
The agreement is aimed at increasing Nu’s global brand awareness by tapping into Formula 1’s international fan base.
The partnership focuses on Nu’s key markets, where Formula 1 has a strong following, and is expected to run over several seasons.
For investors watching NYSE:NU, this move comes as the stock trades around $18.18, with a return of 9.5% over the past week and 47.6% over the...