Bank of America expects Brazilian companies to launch at least 10 initial public offerings in 2027, Reuters reported Monday (May 26). Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. Brazil’s B3 stock exchange had gone nearly five years without an IPO until Compass Gas e Energia completed one earlier this month, according to the report. However, Brazilian companies PicPay and Agibank listed shares on U.S. exchanges, per the report. PYMNTS reported in January that PicPay was valued at $2.5 billion in a U.S. IPO in which it raised $434 million. The Brazilian FinTech sold 22.8 million shares at $19 each, which was the high end of its target price range. At the time of PicPay’s IPO, the Latin American FinTech space was enjoying a resurgence of funding, particularly from venture capital, that allowed for “steady financial innovation.” PicPay CEO Eduardo Chedid saw the listing as an inflection point rather than an endpoint, he told PYMNTS CEO Karen Webster in an interview posted in February. “We’ve been on this road for a while, and so it’s really exciting to reach that milestone,” Chedid said. “But it’s really a new start.” Reuters reported in February that Agibank raised $250 million in its U.S. IPO. Agibank opted to pursue a U.S. listing after struggling to attract investors in Brazil during a volatile election year, according to the report. It was reported May 11 that Brazilian payments firm Elo is working on an IPO and has tapped banking partners as it prepares to list in the U.S. in the second half of the year. Bloomberg reported that Elo’s plans for a listing shows that Brazil’s IPO market could be ramping up after the five-year dry spell that ended earlier this year. Bank of America Expects Surge of Brazilian IPOs After 5-Year Drought Restaurants Can’t Find Workers. AI Says It Can. Coinbase Automates Crypto Investing via Upgraded Direct Deposit What Google Search’s New AI Mode Means for B2B Discovery