Agibank Raises $276M in Bruising U.S. IPO

Key Points — Brazilian digital bank Agibank sold 20 million shares at $12 apiece — the floor of a revised range — raising $240 million in a primary offering ($276 million including supplementary shares), after slashing the deal by more than half just hours before pricing. — The original plan was to raise up to […]

Agibank Raises $276M in Bruising U.S. IPO
Key Points — Brazilian digital bank Agibank sold 20 million shares at $12 apiece — the floor of a revised range — raising $240 million in a primary offering ($276 million including supplementary shares), after slashing the deal by more than half just hours before pricing. — The original plan was to raise up to […]