PicPay, the Brazilian mobile banking app owned by the billionaire Batista family’s investment holding company, is looking to raise as much as about $500 million in its US initial public offering, according to people familiar with the matter.
The company is working with Citigroup Inc., Royal Bank of Canada and Bank of America Corp. on the potential listing, the people said. PicPay is seeking to go public as soon as this year, though it could be delayed, some of the people said. The government shutdown has paused some activity at the US Securities and Exchange Commission, though the ...
