PicPay has filed again for a U.S. initial public offering with the Securities and Exchange Commission, the Brazilian fintech disclosed Monday.
The company initially filed for an IPO in April 2021 but withdrew its paperwork in June 2022.
The number of shares PicPay intends to offer and the associated price range have not yet been determined, the company said Monday.
The fintech aims to list on the Nasdaq exchange under the ticker “PICS” if the offering is completed, it said.
Bicycle Management Company LLC has expressed an interest in buying $75 million worth of Class A shares as an “anchor investor,” PicPay reported in its prospectus filing.
PicPay is not the only Brazilian fintech to make a significant shift toward the U.S. market in recent months amid a perception of relaxed financial regulations under the Trump administration.
São Paulo, Brazil-based digital challenger Nubank applied for a U.S. banking charter with the Office of the Comptroller of the Currency in September.
In its public filing, PicPay reported $1.37 billion in revenue and financial income over the first nine months of 2025, and a net profit of $59 million.
By comparison, the fintech reported $220 million in revenue and a net loss of about $357 million in 2021, when it first sought a U.S. IPO, according to American Banker.
The $1.37 billion figure represents a 97% year-over-year increase.
