fintech / news / / Reuters
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, selling shares at $12 each.
KEY POINTS
- The IPO valued Agibank at $1.92 billion based on its outstanding shares listed in the prospectus.
- Agibank sharply reduced its proposed deal size and price range just before the offering.
- In 2024, Lumina Capital Management invested 400 million reais in Agibank at a 9.3 billion reais valuation.
- Agibank's expected 2023 revenue is up over 45% year-on-year, reaching up to 10.7 billion reais.
COMPANIES
Summarized by Newsio from Reuters. How we summarize →