Agibank stock opens below the IPO price on its first day of trading on the NYSE

LootboxPhobia · 2026-02-11T18:53:45+00:00

Agibank (NYSE:AGBK) opened at $11 on Wednesday, below the initial public offering price of $12. The company issued 20 million Class A shares, with a market capitalization of $1.76 billion. Goldman Sachs and Morgan Stanley are the lead underwriters, and the deal involves a 30-day additional purchase option.

LootboxPhobia

2026-02-11 18:53:45

Abstract generation in progress

Investing.com – Agibank (NYSE:AGBK) opened Wednesday at $11, below its $12 initial public offering price when it debuted on the New York Stock Exchange.

Brazilian professional financial services provider, officially named AGI Inc or “Agi,” issued 20 million Class A common shares at $12 per share, at the lower end of its reduced marketing range of $12 to $13 per share.

The current trading values this technology-driven financial services company at $1.76 billion, based on the outstanding shares listed in its regulatory filings.

Agibank has granted underwriters a 30-day option to purchase up to an additional 3 million Class A common shares at the IPO price minus underwriting discounts and commissions.

Goldman Sachs and Morgan Stanley served as the lead global coordinators for the offering, while Citigroup served as the passive global coordinator. Bradesco BBI, BTG Pactual, Itaú BBA, Santander, Société Générale, and XP Investment Banking acted as passive joint bookrunners, with Oppenheimer & Co. and Susquehanna Financial Group serving as co-managers.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.