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Overview
- The Amsterdam-incorporated holding submitted an SEC registration to list on the Nasdaq Global Select Market under the ticker PICS.
- The offering’s final size and pricing are not set, with prior reporting indicating a goal of up to US$500 million.
- Citigroup, Bank of America and Royal Bank of Canada are leading the transaction.
- Investment manager Bicycle said it intends to buy up to US$75 million of shares at the IPO price.
- For the nine months ended Sept. 30, 2025, PicPay reported revenue of R$7.26 billion and profit of R$270.4 million, and controlling shareholder J&F’s Batista family is expected to maintain control after the IPO.