Reported 8 months ago
Brazilian fintech company PicPay, owned by the Batista family, is collaborating with Citigroup to pursue an initial public offering in the United States. The company aims to conduct the IPO at the earliest opportunity based on market conditions. PicPay had previously filed for a US IPO in April 2021 with an $8 billion valuation goal before withdrawing its registration in June 2021. Established in 2012 as a digital wallet, PicPay achieved profitability in March 2023 and reported 35 million active customers by December, showing significant growth.
Source: YAHOO