PicPay’s $434 Million Nasdaq IPO Reopens Brazil’s Long-Closed Listing Window

2026-01-29 - 13:20

Key Points PicPay priced at $19, raised $434 million, and begins trading on January 29, 2026. The deal revives a long-dormant Brazil IPO narrative after the 2021 Nubank listing. A profit turnaround and Brazil-only focus meet a control-heavy voting structure. For years, global investors treated new Brazilian listings like a story that had ended. Then