PicPay said it sold about 22.9 million Class A shares in the offering, raising about $434 million.

SAO PAULO, Jan 28 (Reuters) - Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top of the indicated price range, the company said. PicPay said it sold about 22.9 million Class A shares in the offering, raising about $434 million. Underwriters have a 30-day period to exercise the option to purchase an extra 3.4 million shares, which could potentially raise the deal to approximately $500 million, PicPay said. The digital bank, backed by Brazilian billionaire brothers Wesley and Joesley Batista's J&F Investimentos, had previously pursued a U.S. listing in 2021 but dropped that plan due to market headwinds. Citigroup, Bank of America and RBC Capital Markets acted as global coordinators for the offering, with Mizuho, Wolfe and Nomura Alliance, Bradesco BBI, BB Securities, BTG Pactual and XP also serving as bookrunners. Reuters reported earlier on Wednesday, citing a source, that PicPay was set to price its IPO at the top of the indicated price range of $16 to $19 per share. (Reporting by Luciana Magalhaes; Writing by Gabriel Araujo; Editing by Brad Haynes, Chizu Nomiyama and Chris Reese)

Despite leading the world in domestic payment innovation, Asia's cross-border payment corridors remain among the most inefficient globally.

Polymarket's international platform processed just under $7.1 billion in volume in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.