Futures and Commodity Market News

Jan 21, 2026 (MarketLine via COMTEX) --

Brazilian digital bank PicPay has officially launched its initial public offering (IPO), targeting a valuation of $2.5bn.

The company seeksAto raise up to $434.3mAinAthe offering.A

ItAplans to list its shares on the?Nasdaq Global Select Market?under the ticker symbol?"PICS".?A

Earlier this month,AtheASao Paulo-headquarteredAcompanyAfiled a registration statement?registrationAwithAthe USASecurities and Exchange CommissionAfor the IPO.A

The offering consists of around 22.9 million Class A common shares, priced between $16 and $19 each.AA

Bicycle Capital, along with related entities described as anchor investors, hasAindicatedAa non-binding intention toApurchaseAup to $75 million of stock at the IPO price.AA

These expressions of interest do notAobligateAeither party to complete any purchases.A

Citigroup,ABofAASecurities, and RBC Capital Markets are the primary coordinators for the deal. Mizuho, Wolfe | Nomura Alliance, Bradesco BBI, BB Securities, BTG Pactual and XP Investment Banking join as bookrunners, with FT Partners as co-manager.A

The company will also provide underwriters with a 30-day option toAacquireAup to anAadditionalA3,428,572 shares at theAinitialAprice, excluding underwriting discounts and commissions.A

PicPayAisABrazilaEUR(TM)sAsecond-largest digital bankAby customer base.A

The company began by focusing on instant payments and QR code transactions before expanding its services to include digital wallets, credit cards, loans, Buy Now Pay Later options, investment products and insurance for individuals and businesses.AA

The platform counted more than 66 million registered users nationwide by the third quarter of 2025, of whom 42 million were active in that period.A

For the first nine months of 2025,APicPayAreported combined revenue and financial income ofA$7.3bnAreaisA(approximately $1.37bn) and a net profit ofA$313.8mAreaisA(around $59m).AA

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon
COMTEX_472203896/2227/2026-01-21T09:41:57


Copyright (C) 2026 Datamonitor. All rights reserved