Jan 5 (Reuters) – Brazilian digital bank PicPay filed for an initial public offering in the United States on Monday.
The U.S. IPO market regained momentum in 2025, but hopes for a stronger rebound were tempered by tariff-driven volatility, a prolonged government shutdown and a late-year selloff in AI stocks.
PicPay aims to list on the Nasdaq under the symbol “PICS”.
Citigroup, BofA Securities and RBC Capital Markets are the global coordinators for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)
