Agibank Raises $240 Million in New York IPO as Brazilian Fintech Listings Resume
Brazilian digital lender Agibank has raised $240 million through an initial public offering in New York, adding momentum to a reopening pipeline for Brazilian companies seeking U.S. capital after several quiet years. The deal arrives during a fragile moment for fintech listings, where investor appetite exists but confidence remains sensitive to recent trading performance across the sector.
Reuters reported that the São Paulo-based bank sold 20 million shares at $12 each, pricing at the bottom of its revised range. The offering valued Agibank at roughly $1.92 billion, based on outstanding shares disclosed in regulatory filings. The pricing followed a late adjustment that reduced both the size of the deal and the expected valuation, a sign of careful calibration between issuer expectations and investor demand.
The IPO positions Agibank as the second Brazilian fintech in recent weeks to test U.S. public markets. The timing reflects renewed willingness among Brazilian issuers to pursue offshore listings after a prolonged slowdown shaped by domestic political volatility, shifting monetary conditions, and cautious equity sentiment.
