The Brazilian digital bank platform operator PicS (PicPay) has set its initial public offering (IPO) price at $19 per share, which is at the high end of the previously announced price range of $16 to $19. The company will issue 22.9 million shares at this price, raising a total of $434 million. Calculated at the offering price, the company's market capitalization stands at $2.5 billion, which is 9% higher than previous expectations. The company is scheduled to list on the Nasdaq this Thursday (January 29th) under the ticker symbol "PICS." PicS will become the first Brazilian company to complete a U.S. IPO since Nu Holdings (NU.US) raised $2.6 billion in 2021. It is understood that PicS operates under the name PicPay, providing a digital financial services platform for consumers and small to medium-sized enterprises in Brazil. As of September 30, 2025, it had 42 million quarterly active consumers, and approximately 812,000 active businesses accepted its payment network. Its services include wallet and banking features, such as Pix instant payments, peer-to-peer transfers, bill payments, card services, loans, insurance, and investments. The platform also operates PicPay Shop (shopping) and PicPay Ads (advertising) businesses, and provides merchant acquisition services via QR codes, e-commerce, point-of-sale terminals, and mobile contactless payments. Data shows that the company's revenue for the 12 months ended September 30, 2025, was $1.7 billion.