Brazil’s Agibank Targets $3.3B Wall Street Valuation
Brazilian digital bank Agibank is targeting a $3.3 billion valuation in a planned US listing. The fintech is seeking to raise as much as $785.5 million by listing shares on the New York Stock Exchange. The move reflects Brazilian firms’ testing renewed investor hunger for overseas listings after a lull in IPO activity. Better market conditions and United States interest rate cuts have helped open the listing window and Agibank’s debut is being closely watched by global investors.
