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Brazilian fintech PicPay, backed by the Batista family, successfully priced its US initial public offering at the top of its range, raising $434 million. This marks the first significant IPO from a Brazilian company in over four years.
Brazilian fintech PicPay has refiled for an initial public offering in the U.S. after withdrawing its previous application in June 2022. The company aims to list on Nasdaq under the ticker “PICS” and reported significant revenue growth, achieving $1.37 billion in the first nine months of 2025.