UPDATE 1-Brazil's Agibank aims to raise $785.5 million in US IPO

PicS N.V. Class A -3.68%

PicS N.V. Class A

PICS

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Jan 29 (Reuters) - Brazilian fintech Agibank said on Thursday it was aiming to raise as much as $785.5 million in its initial public offering in the United States.

Companies have moved forward with their U.S. IPO plans in the first month of 2026, creating a solid pipeline for activity for the year.

Agibank's filing coincides with the day another Brazilian digital bank, PicPay PICS.O, went public in New York.

The ​company traces its roots to 1999, when Marciano Testa — then a college student — founded Agiplan, focused on under-served segments.

Goldman Sachs, Morgan Stanley, and Citigroup are the global coordinators for the listing.

Agibank will list on the New York ​Stock Exchange under the symbol "AGBK".


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