Brazilian digital bank AGI (AGBK.US) is sprinting towards a US stock IPO, aiming to raise about $200 million.

AGI(AGBK.US), a consumer finance bank headquartered in Brazil, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday to go public, with plans to raise approximately $200 million through an initial public offering (IPO). The company, driven by technology, focuses on serving underserved populations such as social security beneficiaries and public and private sector employees. AGI (also known as Agibank) is a technology-driven specialized financial services provider in Brazil, with its core business being loans guaranteed by social security benefits. As of September 30, 2025, the bank serves 6.4 million active customers through 1,101 paperless, cashless lightweight asset intelligent branches in 723 cities. In addition to personal loans and advances, AGI also offers fixed income securities and interbank loans. It is worth noting that in 2025, the Brazilian social security agency imposed two temporary business suspensions on the company for contract violations, non-compliant operations, and specific business practices. Founded in 1999 and headquartered in Campinas, Brazil, the company generated $1 billion in revenue in the 12 months ending September 30, 2025. The company plans to list on the New York Stock Exchange under the stock symbol "AGBK." It submitted the application confidentially on September 5, 2025. The joint bookrunners for this IPO include Goldman Sachs Group, Inc., Morgan Stanley, Citigroup, Bradesco BBI, BTG Pactual, Ita Bank, Banco Santander S.A. Sponsored ADR, as well as French Industrial Bank and XP Investments. The company has not disclosed the pricing terms at this time.