Brazilian digital banking platform operator PicS (PICS.US) has applied for a listing in the United States or to raise $ 500 million.

Brazilian digital banking platform operator PicS (PicPay) submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Monday, expecting to raise up to $500 million. The pricing terms of the IPO have not been disclosed yet. The company plans to list on Nasdaq under the stock code "PICS". PicS operates under the name PicPay, providing digital financial services platform for consumers and small and medium-sized enterprises in Brazil. As of September 30, 2025, it had 42 million quarterly active consumers and approximately 812,000 active businesses accepting its payment network. The services offered include wallets and banking services, such as Pix instant payments, person-to-person transfers, bill payments, card services, loans, insurance, and investments. The platform also operates PicPay Shop and PicPay Ads businesses, providing merchant acquiring services through QR codes, e-commerce, POS terminals, and mobile contactless payments. Data shows that the company had revenue of $1.7 billion in the 12 months ending September 30, 2025.