Brazil’s Agibank slashes US IPO size by over 50%, slices price range

Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50% and slashed the proposed price range, according to a regulatory filing on Tuesday. The Sao Paulo-based company now plans to sell 20 million shares between $12 and $13 apiece. It had earlier offered roughly 43.6 million shares between $15 and $18 apiece. The downsized offering marks a setback for the Brazilian IPO market, which had shown early signs of a revival in 2026 after a years-long downturn.