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flag Brazilian fintech Agibank debuted on the NYSE, raising $240M in a scaled-back IPO amid market caution.

flag Agibank, a Brazilian fintech, debuted on the NYSE on Tuesday with a downsized IPO, raising $240 million by selling 20 million shares at $12 each—well below its original $828 million target. flag The adjustment followed weak performance by rival PicPay’s recent U.S. listing and broader investor caution. flag The company, which operates a hybrid digital-and-physical banking model, reported strong 2025 growth in revenue and loans, but faced regulatory scrutiny over payroll practices last year. flag Proceeds will fund general corporate purposes, including potential acquisitions.

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