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PicPay IPO Breaks Four-Year Drought for Brazilian Companies
PicPay raised $434 million in its US IPO, with the Batista family maintaining 98% voting control and the shares debuting on Nasdaq under the PICS ticker.
- On January 29, 2026, PicPay, the São Paulo-based fintech, sold 22.86 million shares at $19 each, raising $434 million as shares debut on Nasdaq Global Select Market under ticker PICS.
- Founded in 2012, PicPay was acquired by J&F Investimentos in 2015 and now operates as a full bank with about 67 million clients and a valuation about $2.6 billion.
- Demand for the shares was strong, with institutional investors ordering about 12 times the available shares, Bicycle Capital committing $75 million, and Citigroup Inc., Bank of America Corp., Royal Bank of Canada leading the deal.
- Filings show the Batista family will retain 98% of voting power post-offering, leaving brothers Wesley and Joesley Batista with control over an empire spanning at least 20 countries.
- Market strategists noted that, with the IPO break, `I think this year we'll see more on the IPO side more broadly in the U.S., not just Brazilian companies but also U.S. tech companies`, and analysts expect over 10 Brazilian IPOs in 2026.
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11 Articles
11 Articles
PicPay IPO breaks four-year drought for Brazilian companies
Brazilian digital bank PicPay, controlled by the billionaire Batista family, debuts on Nasdaq on Thursday after raising $434 million in an initial public offering, the first new stock listing by a Brazilian company in more than four years.
·United Kingdom
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Ethos Announces Pricing of Initial Public Offering
AUSTIN, Texas, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ethos, a leading life insurance technology company on a mission to democratize access to life insurance, today announced the pricing of its initial public offering of 10,526,315 shares of its Class A common stock, with 5,127,696 shares of Class A common stock being offered by Ethos and 5,398,619 shares of Class A common stock being offered by certain of Ethos' existing stockholders named in the pr…
·New York, United States
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
C 57%
R 43%
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