Nu Holdings said it is not pursuing a transaction with U.K. digital bank Monzo, rebutting media reports of acquisition talks that had pressured its shares earlier in the week. The Nubank parent rose 4.34% in premarket trading after making the clarification following Wednesday's close. Nu said its capital allocation framework remains unchanged, with investment decisions guided by strategic fit, expected returns relative to its cost of capital, long-term per-share value creation and the resources required for its priorities. Those priorities are strengthening its Brazilian business, scaling in Mexico and Colombia, and expanding in the U.S. and internationally through Nu Global. Earlier reports said a potential transaction could value Monzo at up to 10 billion.