Brazilian digital bank PicPay has launched its IPO, aiming for a $2.5bn valuation. It plans to raise up to $434.3m by offering around 22.9 million shares priced between $16 and $19 each. PicPay is Brazil’s second-largest digital bank with over 66 million registered users and reported revenue of $7.3bn reais in 2025. The company will list on Nasdaq under the ticker symbol “PICS”. The primary coordinators for the deal are Citigroup, BofA Securities, and RBC Capital Markets, with other banks joining as bookrunners.

Read more at Yahoo Finance: Brazil’s PicPay sets sights on $2.5bn valuation for Nasdaq listing