fintech / news / / MarketScreener
Agibank is the second Brazilian fintech to tap U.S. capital markets in recent weeks.
Agibank raised $240 million in its scaled-back New York IPO after reducing deal size and price.
KEY POINTS
- The IPO valued Agibank at $1.92 billion, based on the prospectus's outstanding shares.
- Agibank shifted its IPO to the U.S. after failing to attract investors in Brazil in 2018.
- PicPay's poor aftermarket performance, down roughly 20%, threatens other Brazilian IPOs' near-term momentum.
COMPANIES
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