The IPO Buzz: PicPay Prices IPO at $19 – Top of Range – in First Brazilian IPO in Five Years
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PicPay priced its IPO at $19, raising $434.28 million by selling 22.86 million shares, marking Brazil's first IPO since 2021. The stock will begin trading on NASDAQ on January 29, 2026. With a market cap of $2.46 billion, PicPay is controlled by the Batista brothers' J&F Participações S.A., holding 96.4% of voting power. The company reported a net income of $74 million on $1.7 billion revenue for the year ending September 30, 2025, and has 42 million active users.
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