PicPay announced recently that it has filed a registration statement with the U.S. Securities and Exchange Commission (โSECโ) for a proposed initial public offering of its Class A common shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions, as well as the completion of the SEC review process.
If the offering is completed, PicPay intends to list its Class A common shares on the Nasdaq Global Select Market under the symbol โPICS.โ Citigroup, BofA Securities and RBC Capital Markets are acting as joint global coordinators for the proposed offering. Mizuho and Wolfe | Nomura Alliance are also serving as joint bookrunners, and FT Partners is acting as co-manager for the offering.
In connection with the proposed offering, Bicycle Capital, a growth equity firm focused on durable, market-leading businesses across Latin America and beyond, has given PicPay a non-binding indication that it intends to purchase Class A common shares in the offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations, or sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.
The proposed offering will be made only by means of a prospectus. Once available, a copy of the preliminary prospectus relating to the proposed offering may be obtained from: Citigroup Global Markets Inc.
