# PicPay, controlled by the billionaire Batista family, debuts on Nasdaq on Thursday.

*fintech · news · 2026-01-29 · MarketScreener*

## Key points

- PicPay raised $434 million in its Nasdaq IPO, breaking a four-year drought for Brazilian listings.
- Existing PicPay shareholders experienced about 21% dilution after the IPO, valuing the firm at $2.6 billion.
- Bicycle Capital, led by ex-SoftBank executives, committed $75 million to PicPay's offering.
- PicPay's IPO includes a 30-day option for underwriters to buy more shares, potentially raising $500 million.

**Companies:** JBS, PicPay, Citigroup, Bank of America, Royal Bank of Canada, UBS Global Wealth Management, Agibank, Bicycle Capital
**Countries:** Brazil, United States

[Read the full story on MarketScreener](https://www.marketscreener.com/news/picpay-ipo-breaks-four-year-drought-for-brazilian-companies-ce7e5bded18af326)

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