fintech / news / / The Star
Agibank is the second Brazilian fintech to tap U.S. capital markets in recent weeks.
Agibank raised $240 million in its New York IPO after scaling back the offering.
KEY POINTS
- The IPO valued Agibank at $1.92 billion based on the shares listed in its prospectus.
- Agibank reduced both the deal size and price range just before the IPO launch.
- Lumina Capital Management invested 400 million reais in Agibank at a 9.3 billion reais valuation in 2024.
- Agibank expects 2023 total revenue between 10.55 and 10.7 billion reais, up from 7.28 billion reais.
COMPANIES
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