<\/p>\n
The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing.<\/p>\n
Brazilian mobile banking app PicPay is reportedly preparing for a US initial public offering (IPO) with a target of raising up to $500m.\u00a0<\/span><\/p>\n The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing, reported Bloomberg, citing sources.\u00a0<\/span><\/p>\n PicPay\u2019s IPO could occur this year, though its timing may be impacted by the ongoing government shutdown affecting the US Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n The SEC recently issued guidance potentially allowing more IPOs to proceed.\u00a0<\/span><\/p>\n PicPay initially filed for a US IPO in April 2021, aiming for an $8bn valuation, but withdrew the registration two months later.\u00a0<\/span><\/p>\n Current discussions about the IPO are ongoing, and details such as the offering size and timing are subject to change. There is also a possibility of additional banks joining the effort, said the publication.\u00a0<\/span><\/p>\n Established in Vit\u00f3ria, Brazil, in 2012, PicPay is a fintech company offering a range of financial services, including payments, investments, and shopping solutions.\u00a0<\/span><\/p>\n In 2015, the company became part of the J&F group, one of Brazil\u2019s largest business conglomerates.\u00a0<\/span><\/p>\n PicPay operates a dual-sided platform serving both consumers and sellers and employs over 4,000 people.\u00a0<\/span><\/p>\n In July 2021, PicPay announced the acquisition of Guiabolso, a Brazilian fintech specialising in open banking services, which serves six million users.\u00a0<\/span><\/p>\n This acquisition allowed PicPay to integrate Guiabolso\u2019s offerings, which had six million users and 1bn reais ($180.5m) of credit generated on its platform through partnerships with financial institutions.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing. Brazilian mobile banking app PicPay is reportedly preparing for a US initial public offering (IPO) with a target of raising up to $500m.\u00a0 The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America […]<\/p>\n","protected":false},"author":1,"featured_media":5030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/IPO-1-1000x445.webp",1000,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/IPO-1-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/IPO-1-300x225.webp",300,225,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/IPO-1.webp",1000,750,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=5029"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5029\/revisions"}],"predecessor-version":[{"id":5031,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5029\/revisions\/5031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5030"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}