Reuters · February 10, 2026
Reuters: IPOX® Associate Muehlbauer Comments on Agibank's Downsized IPO
Agibank slashed its U.S. IPO size by over 50% and lowered its price range following the poor aftermarket performance of rival PicPay. Reuters featured IPOX® Research Associate Lukas Muehlbauer, who analyzed the valuation pressures facing the Brazilian fintech. Muehlbauer noted that while the restructured deal, now consisting solely of primary shares, allows the listing to proceed, it introduces potential stock overhang risks as existing shareholders chose to retain their positions rather than sell at lower valuations.
Read article ↗: Reuters: IPOX® Associate Muehlbauer Comments on Agibank's Downsized IPO