PicPay Aims to Raise $500M in US IPO Amid SEC Paralysis
ByAinvest
Friday, Oct 10, 2025 5:38 pm ET1min read
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PicPay, a Brazilian digital bank owned by the Batista family, is seeking to raise $500 million in an IPO in the US. The company is working with Citigroup, Royal Bank of Canada, and Bank of America on the potential listing. The IPO is expected to happen this year or in 2026, pending SEC approvals. PicPay reported a net income of R$208.4 million on R$4.5 billion in revenue for the first half of the year.
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