By Gené Teare,

São Paulo, Brazil headquartered Nubank is one of the largest fintech companies to go public in 2021.

The company, which plans to price on Wednesday on both the New York Stock Exchange and the São Paulo Stock Exchange, lowered its target share price from $11 to $9. Based on the new price, it’s slated to raise $2.86 billion via the IPO, which would value the company north of $40 billion per filings with the SEC.

Nubank was last valued at $30 billion in a Series G extension funding led by Berkshire Hathaway, making it the 11th most valuable company on The Crunchbase Unicorn Board, alongside self-driving technology companies Cruise and Waymo, each most recently...