On October 1, Nu Holdings Ltd. rose 6.28% in after-hours trading, trading at $13.45/share, with turnover of approximately $30.10 million. The stock continued to recover from a sharp selloff earlier in the session triggered by reports of a potential mega-deal to acquire UK digital bank Monzo.

According to multiple media reports, Nu Holdings is in early-stage talks to acquire Monzo in a deal that could value the British digital lender at between 8 billion and 10 billion pounds. Nu Holdings currently has no substantive core operations in the UK or continental Europe, and the potential transaction is widely viewed as a strategic move to establish a European footprint. Monzo has reportedly engaged Morgan Stanley and law firm Slaughter & May as advisors, while another option under consideration is a new funding round valuing Monzo at over 8 billion pounds. Neither party has officially commented on the reports.

The stock had plunged approximately 10% following the initial disclosure of the acquisition talks, and the current rebound reflects a technical recovery pattern. Separately, a recent SEC filing revealed that Lone Pine Capital increased its holdings in Nu Holdings by 24.2% to 47.2 million Class A shares, signaling continued institutional confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)