Brazil's PicPay set to price New York IPO at top of range, source says

Core Viewpoint - Brazilian digital bank PicPay is anticipated to price its U.S. initial public offering (IPO) at the upper end of the indicated price range of $16 to $19 per share, indicating strong investor interest and confidence in the company's valuation [1] Group 1 - PicPay is a digital bank based in Brazil, highlighting the growing trend of fintech companies entering the public market [1] - The IPO pricing is expected to reflect a robust demand for shares, suggesting positive market sentiment towards digital banking solutions [1] - The pricing range of $16 to $19 per share indicates a strategic positioning by PicPay to attract investors while maximizing capital raised [1]