Good morning & happy Tuesday! FinTech IPOs are back, so today all eyes are on Brazilian digital payments darling PicPay that's going public this week on the Nasdaq stock exchange under the ticker $PICS ' We're going to unpack their strategy, financials, and challenging governance to see whether this new Latin American stock is worth your time and money in the years to come (plus, inside you'll also find deep dives into other LatAm gems Nubank NU 0.00%' & MercadoLibre MELI 0.00%', and why I'm super bullish on both). So let's jump straight into the awesome stuff '' Following the money ' In 2017, Joesley and Wesley Batista stood at the center of Brazil's largest corruption scandal, admitting to paying $123 million in bribes to nearly 1,900 politicians through their meatpacking empire JBS. 8 years later, these same brothers control PicPay, Brazil's second-largest digital bank, which is going public tomorrow, and is being asked U.S. public market investors to value it at up to $2.5...
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