I recommend not buying shares of PicPay (NASDAQ: PICS ) which had an IPO a few days ago. In this article, I analyze PicPay's IPO, business model, corporate governance, finances and valuation. It is worth noting that I haveMore than 7 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no ...

After moving credit products onto its own balance sheet in late 2022, PicPay now tracks progress through product-level customer satisfaction and deeper use of lending across its existing base.CEO Eduardo Chedid says PicPay’s strategy centers on repairing “broken journeys” in payments and credit by using wallet data and account aggregation to improve underwriting.PicPay’s U.S. IPO comes as Brazil reaches roughly 94% digital adoption, giving FinTechs a broad base for wallet-driven financial services.Watch mor ...

1、York Space System(YSS) 首日开盘，York Space System每股报38美元，较发行价上涨11.76%。盘中高开低走，至收盘每股报33.61美元，跌幅 1.15%，总市值42.01亿美元。该公司在纽交所上市，股票代码YSS。 该公司此次以每股34美元，发行了1850万股，募集资金6.29亿美元。 York Space System从事航天和国防领域，为国家安全、政府和商业客户提供端到端的航天任务关键解决方案。2025年 前九个月营收2.81亿美元，净亏损5604万美元。 2、Ethos Technologies(LIFE) 首日开盘，Ethos Technologies每股报19美元，于发行价持平。盘中震荡下行，至收盘每股报16.85美元，跌幅11.32%， 总市值10.61亿美元。该公司在纳斯达克上市，股票代码LIFE。 当地时间2026年1月29日，6只新股登陆美国资本市场，共募集资金约17.83亿美元。 今晚还将有3家公司上市，分别为：Muzero Acquisition(MUZEU)、Newbridge Acquisition(NBRGU)、M Evo Global A ...

周四，Picpay NV(PICS.US)登陆美股市场，开盘涨0.26%，报19.02美元。IPO价格为19美元。这家公司 是一家总部位于巴西圣保罗的数字银行与支付科技平台，最初由移动支付钱包起家，现已发展成为一个 提供多种金融服务的数字银行与支付生态系统，包括个人钱包、二维码支付、信贷、保险、投资及企业 收单服务等业务，服务用户超过6,600万。 ...

智通财经APP获悉，周四，Picpay NV(PICS.US)登陆美股市场，开盘涨0.26%，报19.02美元。IPO价格为 19美元。这家公司是一家总部位于巴西圣保罗的数字银行与支付科技平台，最初由移动支付钱包起家， 现已发展成为一个提供多种金融服务的数字银行与支付生态系统，包括个人钱包、二维码支付、信贷、 保险、投资及企业收单服务等业务，服务用户超过6,600万。 ...

Core Insights - Shares of PicPay, controlled by the billionaire Batista family, increased by 2.6% during their Nasdaq debut, leading to a valuation of $2.53 billion for the Brazilian digital bank [1] Company Overview - PicPay is a Brazilian digital bank that has recently made its debut on the Nasdaq stock exchange [1] - The company is under the control of the Batista family, known for their significant wealth and influence in Brazil [1] Market Performance - The initial public offering (IPO) saw a 2.6% rise in share price, indicating positive market reception [1] - The valuation of $2.53 billion reflects investor confidence in the company's growth potential within the digital banking sector [1]

Company Overview - Brazilian FinTech PicPay has successfully raised $434 million in its U.S. initial public offering (IPO) [1] - The company sold 22.8 million shares at $19 each, achieving the high end of its target price range, and is set to begin trading on Nasdaq [2] - The IPO values PicPay at $2.5 billion, marking a significant move for its owners, Wesley and Joesley Batista, who are also looking to list their global meatpacking business JBS in the U.S. market [2] Industry Context - The IPO occurs during a resurgence of funding in the Latin American FinTech space, particularly from venture capital, which has facilitated ongoing financial innovation [4] - Digital wallets, account-to-account transfers, and real-time payment systems are increasingly replacing cash, modernizing commerce and enhancing access to formal financial services [5] - By 2030, digital payments are expected to account for approximately two-thirds of eCommerce transaction value and nearly half of point-of-sale value in Latin America, indicating a structural shift in consumer behavior [5] Brazil's Digital Payment Landscape - Brazil is leading the region in digital payments, with 61% of Brazilian consumers using mobile phones for retail purchases, the highest rate among surveyed countries [5] - The infrastructure supporting this behavior includes Pix, Brazil's government-backed real-time payment system, which processed 64 billion transactions in 2024, surpassing combined debit and credit card volumes [6] - Additionally, Brazil-based digital bank Inter has received regulatory approval to operate in the U.S., further expanding the country's financial services landscape [6]

PicS将成为自2021年Nu Holdings(NU.US)募资26亿美元以来，首家完成赴美IPO的巴西公司。据悉， PicS以PicPay为名运营，在巴西为消费者和中小企业提供数字金融服务平台。截至2025年9月30日，其 季度活跃消费者达4200万，约81.2万家活跃企业接受其支付网络。其提供的服务包括钱包和银行业务， 如Pix即时支付、个人对个人转账、账单支付、卡类业务、贷款、保险和投资等。该平台还运营PicPay Shop(购物)、PicPay Ads(广告)业务，并通过二维码、电子商务、销售点终端和手机非接支付等方式提 供商户收单服务。数据显示，该公司在截至2025年9月30日的12个月营收为17亿美元。 智通财经APP获悉，巴西数字银行平台运营商PicS(PicPay)首次公开募股(IPO)定价为19美元/股，位于此 前公布的定价区间16-19美元/股的高端。该公司将以该价格发行2290万股股票，筹集4.34亿美元。按发 行价计算，该公司市值为25亿美元，较此前预期高9%。该公司将于周四(1月29日)登陆纳斯达克，股票 代码为"PICS"。 ...

Core Insights - Brazilian digital bank PicPay, controlled by the billionaire Batista family, has made its debut on Nasdaq after raising $434 million in an initial public offering, marking the first new stock listing by a Brazilian company in 2023 [1] Company Summary - PicPay is a digital banking platform that has gained significant attention in Brazil, reflecting the growing trend of digital financial services in the region [1] - The IPO raised a substantial amount of $434 million, indicating strong investor interest and confidence in the company's growth potential [1] Industry Summary - The listing of PicPay on Nasdaq highlights the increasing presence of Brazilian companies in international markets, particularly in the tech and financial sectors [1] - This event may signal a broader trend of digital banks seeking to expand their reach and capitalize on the growing demand for fintech solutions globally [1]

Company Overview - PicPay is one of the largest digital banks in Brazil by number of customers, offering a range of financial products and services including digital wallets, credit cards, loans, "Buy Now Pay Later" (BNPL), investments, and insurance [6] - As of the third quarter of 2025, PicPay serves over 66 million customers, with 42 million active users [6] - The company reported an annualized return on equity (ROE) of 17.4% in the third quarter of 2025 [6] - For the first nine months of 2025, PicPay recorded total revenue and financial income of R$7.3 billion (approximately US$1.37 billion) and a net profit of R$313.8 million (approximately US$59 million) [6] - As of September 30, 2025, consumer deposits held by PicPay amounted to R$27 billion (approximately US$5 billion) [6] Initial Public Offering (IPO) Details - PicPay announced the pricing of its initial public offering, consisting of 22,857,143 Class A common shares at a public offering price of US$19.00 per share [1] - The Class A common shares are expected to begin trading on the Nasdaq Global Select Market under the symbol "PICS" on January 29, 2026 [1] - Prior to the closing of the offering, PicPay plans to change its name from Picpay Holdings Netherlands B.V. to PicS N.V., effective on Nasdaq on January 30, 2026 [1] - The underwriters have been granted a 30-day option to purchase up to an additional 3,428,572 Class A common shares at the initial public offering price [2]