Brazilian fintech PicPay is aiming to raise up to $500 million in a US initial public offering, as reported by Bloomberg.
The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America on a listing that may take place this year, according to sources. PicPay initially filed for a US IPO in 2021, aiming for an $8 billion valuation, but withdrew its plans due to volatile market conditions.
Founded in 2012, PicPay provides payment, investment, and shopping services to millions of users.