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Overview
- The price range implies a valuation of about $2.2 billion to $2.6 billion, with roughly $400 million targeted through 22.8 million new shares and an estimated 21% dilution.
- Marcelo Claure’s Bycicle committed $75 million, secured warrants that could double its stake about a year after listing, and obtained a board seat with a six‑month holding obligation on its allocation.
- Marketing to investors is underway with pricing expected on January 28 and trading set on Nasdaq under the ticker PICS.
- Citi, Bank of America and RBC lead the syndicate, joined by BTG, XP and Bradesco BBI.
- PicPay reported 66 million customers, revenue up 92% to R$7.26 billion and net profit up 82% to R$314 million in the first nine months of 2025, while the Batista brothers remain controlling shareholders.