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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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