SAO PAULO, Jan 28 (Reuters) - Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top ‌of the indicated price range, the company said.

PicPay said ​it sold about 22.9 million Class ‍A shares in the offering, ⁠raising about $434 ⁠million.

Underwriters have a 30-day period to exercise the option ‌to purchase an ​extra 3.4 million shares, which could potentially raise the deal to ⁠approximately $500 million, PicPay said.

The ‍digital ​bank, backed by Brazilian billionaire brothers Wesley and Joesley Batista's J&F Investimentos, had ‍previously pursued a U.S. listing in 2021 but dropped that plan due to market headwinds. 

Citigroup, Bank of America and RBC Capital Markets acted as global ​coordinators ‍for the offering, with Mizuho, Wolfe and Nomura Alliance, Bradesco BBI, BB ​Securities, BTG Pactual and XP also serving as bookrunners.

Reuters reported earlier on Wednesday, citing a source, that PicPay was set to price its IPO at the top of ​the indicated price range of $16 to $19 per share.