Brazilian digital bank AGI (AGBK.US) prices its IPO at $15-18 per share, aiming to raise $720 million.

Brazilian digital bank AGI (Agibank) announced the terms of its initial public offering (IPO) on Thursday. The company plans to issue 43.6 million shares of stock at a price of $15-18 per share, raising $720 million. Based on the midpoint of the proposed price range, the company's market value will reach $3 billion. The company plans to list on the New York Stock Exchange under the ticker symbol "AGBK". Founded in 1999, AGI is a technology-driven professional financial services provider in Brazil, with its core business being loans based on social security guarantees. As of September 30, 2025, the bank serves 6.4 million active customers through 1,101 paperless, cashless light asset smart branches spread across 723 cities. In addition to personal loans and advances, AGI also offers fixed income securities and interbank loans. It is worth noting that the Brazilian social security agency imposed two temporary business suspensions on the company in 2025 due to contract violations, non-compliant operations, and specific business operations issues. Data shows that the company had revenue of $1 billion in the 12 months leading up to September 30, 2025.