US EditionPicPay Files Registration Statement for Proposed Initial Public Offering
PicPay reported a 79% profit increase to R$313.8 million in first nine months of 2025 and aims to raise up to $500 million in its Nasdaq IPO led by major banks.
- On Monday, Pics NV filed a U.S. IPO registration with the SEC showing a 79% profit increase in the first nine months of 2025 and seeks a Nasdaq listing under ticker PICS.
- PicPay is pitching the IPO to raise fresh capital for expansion after evolving from a digital wallet into a bank following Brazil's Pix instant-payments system rollout.
- Financial disclosures emphasize scale and improving profitability as PicPay reported R$7.3 billion in revenue, R$313.8 million net profit, and R$27 billion in consumer deposits by September 30, 2025.
- Maintaining founder control shapes the governance trade-offs investors must weigh, as the Batista family via J&F Participacoes is expected to retain control after the IPO and spotlight Brazil's fintech IPO market.
- Major banks including Citigroup, Bank of America, and RBC are leading the IPO, which PicPay may raise about $500 million, with Bicycle planning a potential $75 million anchor purchase.
15 Articles
15 Articles
PicPay’s U.S. IPO Filing Tests Whether Brazil’s Fintech Moment Is Back
Key Points PicPay has filed for a Nasdaq listing, aiming to trade under the ticker PICS, in what could become Brazil’s most important fintech IPO since 2021. The company reported sharp growth in profit and revenue through September 2025, reinforcing its pitch that scale and engagement can translate into earnings. The deal highlights a familiar […]
PicS Nasdaq IPO Filed as Brazilian Digital Bank Eyes Wall Street
Like a fintech heavyweight stepping onto a global stage, PicS has formally filed for a U.S. initial public offering, signaling its ambition to bring Brazil’s fast-growing digital banking story to Nasdaq investors. The Brazilian digital banking platform, operating under the PicPay brand, submitted its registration statement to the U.S. Securities and Exchange Commission on Monday, PicS Nasdaq IPO filing charts Brazil digital bank’s U.S. market deb
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