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0 0 0.000799573560767621 0.000799573560767621 -0.00159914712153524 -0.00319829424307048 0.000533049040511621 0.000533049040511621
Stock impact report

PicPay Prices US IPO at Top in First Brazilian Debut Since 2021 [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
public offering in the first significant debut for a Brazilian company in more than four years. Most Read from Bloomberg London's Vanishing Office Buildings Are Being Replaced by Hotels LA Council Sends Mansion Tax Changes Back, Dimming Prospects Storm Recovery? That's a Job for a Tool Library PicPay, as the company is known, sold 22.86 million shares at $19 each, the top of the marketed range, according to a statement confirming an earlier Bloomberg News report. The digital bank offered shares for $16 to $19. At the IPO price, the Sao Paulo-based company has a market value of $2.5 billion based on the outstanding shares listed in its filings. The IPO is the first sizable Brazilian debut since Nu Holdings Ltd., the country's biggest digital bank, went public on the New York Stock Exchange in 2021. Nubank, as the company is known, now has a $90.7 billion market value. PicPay's IPO drew orders for about 12 times the number of shares available, with interest from tech, fi Show less Read more
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