PicPay has refiled for a U.S. initial public offering (IPO) with the Securities and Exchange Commission after initially withdrawing its IPO paperwork in June 2022. The Brazilian fintech announced this move on Monday, though it hasn’t disclosed how many shares it plans to offer or their price range. If the IPO proceeds, PicPay aims to list on the Nasdaq under the ticker “PICS.” In its prospectus, PicPay mentioned that Bicycle Management Company LLC is interested in purchasing $75 million worth of Class A shares as an anchor investor. The timing of this filing aligns with a broader trend of Brazilian fintechs targeting the U.S. market, spurred by perceived favorable regulatory conditions. For instance, Nubank, another prominent fintech from São Paulo, applied for a U.S. banking charter in September. Financial figures from PicPay indicate significant growth. The company reported $1.37 billion in revenue and financial income for the first nine months of 2025, along with a net profit of $59 million. In contrast, during its initial IPO attempt in 2021, PicPay recorded $220 million in revenue but faced a net loss of about $357 million. This recent revenue figure marks a striking 97% increase year-over-year, highlighting a shift in the company’s financial health.