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Photo: Reuters via Investing.com

Nu Holdings Stock Jumps 6% Premarket After Monzo Deal Denial

Business Wire (Nu Holdings)2 min read6 sources

Why did Nu Holdings stock jump 6%?

Nu Holdings (NU) stock rose nearly 6% in premarket trading on Thursday from a $12.66 close after the digital bank said it is not pursuing a deal for UK rival Monzo.

Key numbers

Premarket move (Thursday)+~6%after the denial
Monday drop-10%to $12.23 close on Sept 28
Reported Monzo price£8B–£10Babout $10.6B–$13.3B
Wednesday close$12.66+2.5% (per [3])
Year to date-24%as of Wednesday (per [3])

What happened

Nu Holdings (NU) stock rose nearly 6% in premarket trading on Thursday from a $12.66 close after the digital bank said it is not pursuing a deal for UK rival Monzo. Shares had dropped about 10% on Monday after news reports said Nu was in early talks to buy Monzo for £8 billion to £10 billion, roughly $10.6 billion to $13.3 billion. Investors worried the price was high and could hurt existing shareholders. Nu's statement, issued after Wednesday's market close, said it respects Monzo but is not pursuing a deal. It said its focus stays on Brazil, Mexico, Colombia and the U.S..

Why it matters

Nu Holdings shows how quickly a stock can swing when investors fear a big, expensive purchase. The Brazilian digital bank lost about $6 billion in market value in one day on the takeover reports, then won part of it back once it ruled the deal out. Nu now points investors back to its existing plans in Brazil, Mexico, Colombia and the U.S.. Monzo, a private UK bank, stays a separate company for now.

Who this affects

Marketneutral
Low impact
Nu holders relieved; SoFi and Robinhood barely moved.
Companybullish
Medium impact
Nu shareholders gain as fear of a costly deal fades.
Competitorsneutral
Low impact
SoFi and Robinhood shares stayed flat; little effect.
Industryneutral
Low impact
Monzo stays independent; no new fintech deal confirmed.

Nu Holdings vs SoFi Technologies, Robinhood Markets

Nu HoldingsNU$12.98+3%-24%~$61B
SoFi TechnologiesSOFI$15.740.0%——
Robinhood MarketsHOOD$112.60+0.1%——

As of 2026-10-01

How we got here

  1. Nu shares fall about 10% to $12.23 on reports of Monzo takeover talks.

  2. After the close, Nu says it is not pursuing a transaction with Monzo.

  3. Shares rise nearly 6% premarket and trade about 3% higher at $12.98.

What to watch

  • Nu reports its next quarterly results (per).2026-11-12
  • Nu holds its first investor day, a chance to hear its priorities (per).2026-12-08

Educational content only. Not investment advice.

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