Nubank Denies Monzo Acquisition Rumors; Shares Rebound 2.7% on NYSE

Nubank issued a formal denial to the SEC regarding reports it was pursuing a deal to acquire British fintech Monzo, after its shares fell 10% on Monday on the rumor. The denial triggered a rebound, with shares up 2.73% in Thursday trading and over 6% in after-hours. The episode highlights market sensitivity to M&A speculation in the fintech sector, though the denial may not fully dispel uncertainty if talks were exploratory.