Overview
- The offering covers 22,857,143 Class A shares, with a 30-day option for underwriters to buy up to 3,428,572 additional shares.
- Citigroup, BofA Securities and RBC Capital Markets are joint global coordinators, joined by Mizuho, Wolfe | Nomura Alliance, Bradesco BBI, BB Securities, BTG Pactual and XP as bookrunners, with FT Partners as co-manager.
- Bicycle Capital and affiliated entities indicated non-binding interest to purchase $75 million of stock at the IPO price.
- The registration statement on Form F-1 is preliminary and the deal cannot close until it is declared effective by the SEC.
- PicPay describes itself as Brazil’s second-largest digital bank, serving over 66 million customers and reporting R$7.3 billion in revenue and financial income and R$313.8 million in net profit in the first nine months of 2025.