The fintech company has raised $434m in its U.S. initial public offering, selling 22.8m shares at $19 each, the high end of its target price range. The IPO is happening at a moment when the Latin American FinTech space is enjoying a resurgence of funding, particularly from venture capital.
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Brazil’s PicPay reaches $2.5b valuation in US IPO
“The shift is structural rather than cyclical,” PYMNTS added. “The report found that experts predict that by 2030, digital payments will account for roughly two-thirds of eCommerce transaction value and nearly half of point-of-sale value across the region, reflecting sustained changes in consumer behavior rather than short-term substitution.”
