Brazilian digital bank AGI (Agibank) disclosed the terms for its initial public offering (IPO) on Thursday. The company intends to issue 43.6 million shares priced between $15 and $18 apiece, seeking to raise approximately $720 million in capital. Based on the midpoint of the proposed price range, the company's market valuation would reach $3 billion.

The firm plans to list on the New York Stock Exchange under the ticker symbol "AGBK." Established in 1999, AGI is a technology-driven specialized financial services provider in Brazil, with its core business centered on loans guaranteed by social security benefits. As of September 30, 2025, the bank served 6.4 million active customers through a network of 1,101 asset-light, paperless, and cashless smart branches spread across 723 cities.

In addition to personal loans and advances, AGI also offers fixed-income securities and loans to institutional peers. It is noteworthy that in 2025, Brazil's social security agency imposed two temporary suspensions of the company's operations due to contract violations, operational non-compliance, and issues related to specific business practices. Data shows that the company generated revenue of $1 billion over the 12-month period ending September 30, 2025.