PicPay prices IPO at $19 per share

PicPay announced the pricing of its initial public offering at $19.00 per Class A common share. The company is offering 22,857,143 shares through a registration statement filed with the U.S. Securities and Exchange Commission.

The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "PICS" on January 29, 2026. Prior to the offering's close, the company plans to change its name from Picpay Holdings Netherlands B.V. to PicS N.V., with the name change becoming effective on Nasdaq on January 30, 2026.

Citigroup, BofA Securities and RBC Capital Markets are serving as joint global coordinators for the offering. Additional joint bookrunners include Mizuho, Wolfe | Nomura Alliance, Bradesco BBI, BB Securities Ltd, BTG Pactual and XP Investment Banking, while FT Partners acts as co-manager.

The company has granted underwriters a 30-day option to purchase up to 3,428,572 additional Class A common shares at the IPO price, minus underwriting discounts and commissions. The total offering could reach approximately $500 million if the overallotment option is exercised in full.

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