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PicPay Announces Pricing of Initial Public Offering

PicPay raised $434 million at $19 per share in a US IPO oversubscribed 12 times, maintaining Batista family control with 98% voting power.

Summary by Hastings Tribune
SÃO PAULO--(BUSINESS WIRE)--Jan 28, 2026-

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Using the front window that opened for global assets, PicPay caught US$ 500 million in its IPO in Nasdaq, the first of a Brazilian company from Nubank in December 2021. The action went out to US$ 19 – at the top of the indicative line starting at US$ 16 – and was specified 12 times the estimated profit for 2026. The demand by the papers exceeded the offer in more than 12 times, with the book attracting about 200 global investors, including funds…

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Globo broke the news in Brazil on Wednesday, January 28, 2026.
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