Brazil’s PicPay Considers Launching US IPO This Year

Brazil’s PicPay Considers Launching US IPO This Year

Mobile banking app PicPay reportedly aims to raise $500 million in a U.S. initial public offering that could happen as soon as this year.

PicPay plans to raise up to $500m through US IPO

Brazilian mobile banking app PicPay is reportedly preparing for a US initial public offering (IPO) with a target of raising up to $500m.  The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing, reported Bloomberg, citing sources.  PicPay’s IPO could occur this year, though its timing may be impacted by the ongoing government shutdown affecting the US Securities and Exchange Commission (SE…