US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>Given the market backdrop and the performance of recent comps, we believe a cautious approach should be taken regarding this IPO. </li>
<li>Differentiated hybrid physical-digital model and proprietary technology support strong growth, with revenues and clients compounding above 30% annually.</li>
<li>Large untapped market opportunity remains, though recent Latin American IPO aftermarket weakness tempers near-term risk-reward expectations.</li>
</ul>


Given the market backdrop and the performance of recent comps, we believe a cautious approach should be taken regarding this IPO. 
Differentiated hybrid physical-digital model and proprietary technology support strong growth, with revenues and clients compounding above 30% annually.
Large untapped market opportunity remains, though recent Latin American IPO aftermarket weakness tempers near-term risk-reward expectations.


AGI Inc. (AGBK): Caution Needed Around Brazilian Fintech IPO Following Comp Underperformance

<ul>
<li>Brazilian fintech AGI (AGBK US) filed for a potential Q1 IPO, following PicPay, as Brazil-based issuers increasingly access U.S. public markets.</li>
<li>AGI serves 6.4 million active clients through a hybrid Smart Hub and digital model, delivering secured lending, banking, and insurance to underserved Brazilians.</li>
<li>Strong growth and large TAM underpin the story, with rapid client and revenue expansion, modest market share, and a R$2.0 trillion addressable market.</li>
</ul>


Brazilian fintech AGI (AGBK US) filed for a potential Q1 IPO, following PicPay, as Brazil-based issuers increasingly access U.S. public markets.
AGI serves 6.4 million active clients through a hybrid Smart Hub and digital model, delivering secured lending, banking, and insurance to underserved Brazilians.
Strong growth and large TAM underpin the story, with rapid client and revenue expansion, modest market share, and a R$2.0 trillion addressable market.


AGI Inc. (AGBK): Peeking at the IPO Prospectus of a Brazilian Financial Services Company

Brazil

PicS N.V. operates as a digital financial services company that provides a digital wallet and application for individuals and businesses in Brazil. The company offers a range of transactional products, including Pix instant payment system, peer-to-peer transfers, bill payments, and various loan and insurance products. It also provides QR code payment solutions, banking services, and advertising platforms for small and medium-sized businesses. PicS N.V. was founded in 2012 and is headquartered in São Paulo, Brazil.

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PicS (PICS US)

AGI Inc. (AGBK): Caution Needed Around Brazilian Fintech IPO Following Comp Underperformance

Cautious approach advised for upcoming IPO due to market conditions and Latin American IPO weakness. Strong growth potential with hybrid physical...

IPO Boutique

AGI Inc. (AGBK): Peeking at the IPO Prospectus of a Brazilian Financial Services Company

Brazilian fintech AGI files for potential Q1 IPO in the U.S., serving 6.4 million clients with secured lending, banking, and insurance for...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

AGI Inc. (AGBK): Caution Needed Around Brazilian Fintech IPO Following Comp Underperformance

​Cautious approach advised for upcoming IPO due to market conditions and Latin American IPO weakness. Strong growth potential with hybrid physical...

IPO Boutique

AGI Inc. (AGBK): Peeking at the IPO Prospectus of a Brazilian Financial Services Company

​Brazilian fintech AGI files for potential Q1 IPO in the U.S., serving 6.4 million clients with secured lending, banking, and insurance for...

IPO Boutique

Cautious approach advised for upcoming IPO due to market conditions and Latin American IPO weakness. Strong growth potential with hybrid physical...

Brazilian fintech AGI files for potential Q1 IPO in the U.S., serving 6.4 million clients with secured lending, banking, and insurance for...