Brazilian FinTech PicPay has raised $434 million in its U.S. initial public offering. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. PicPay is set to begin trading on the Nasdaq Thursday (Jan. 29) morning. PicPay filed for its IPO earlier this month and announced its valuation target last week. “That consumer behavior is reinforced by infrastructure,” PYMNTS wrote.