Brazilian digital bank PicPay has officially launched its initial public offering (IPO), targeting a valuation of $2.5bn. The company seeks to raise up to$434.3m in the offering. It plans to list its shares on the Nasdaq Global Select Market under the ticker symbol "PICS". Earlier this month, the Sao Paulo-headquartered company filed a registration statement registration with the US Securities and Exchange Commission for the IPO. The offering consists of around 22.9 million Class A common shares, pri ...