dLocal Announces Secondary Offering to Fuel Growth
dLocal Limited, a technology-driven platform focused on payments in emerging markets, has recently announced an underwritten registered secondary offering of 15 million Class A common shares. This initiative stems from an entity associated with General Atlantic, known as the Selling Shareholder. Notably, dLocal will not be participating in the sale of these shares nor will they be receiving any proceeds from this offering.
Offering Details Crafted for Strategic Growth
The Selling Shareholder plans to provide the underwriters an option to purchase an additional 2.25 million shares at the public offering price, minus the applicable underwriting discounts and commissions. This move is aimed at enabling greater capital flow and engagement in the dynamic payments sector.
The underwriting management for this offering will be led by prestigious financial institutions, including J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley. These firms will act as global coordinators and joint bookrunners, forming an essential backbone to ensure the offering's success. Additional support comes from BTG Pactual and Citigroup, who will also serve as joint bookrunners.
Understanding the Regulatory Landscape
dLocal has filed an automatically effective shelf registration statement with the Securities and Exchange Commission (SEC) related to this offering. Potential investors are encouraged to read the related prospectus and other materials provided by the company for complete information regarding this offering.
Investing in new shares comes with inherent risks, so it's wise for prospective investors to familiarize themselves with the documents accessible via the SEC's EDGAR platform. This gateway offers transparency and crucial insights into the offerings, ensuring informed decision-making.
About dLocal's Innovative Payment Solutions
dLocal stands at the forefront of revolutionizing payment systems in emerging markets. Their platform empowers global merchants to navigate the complex landscape of local transactions across more than 40 countries in Africa, Asia, and Latin America. By leveraging a single API, dLocal simplifies the processes of payment acceptance, payouts, and fund settlements.
With the unique framework provided by the “One dLocal” platform, businesses can avoid the pitfalls of managing various local payment processors and dealing with multiple payment methods. This integration not only streamlines operations but also enhances the efficiency of international trade in these vibrant markets.
Connecting with dLocal
For more insights into their operations or offering details, dLocal invites stakeholders to reach out through their dedicated investor relations and media contacts. They are committed to maintaining open communication with interested parties to foster transparency and trust.
Investor Relations Contact:
investor@dlocal.com
Media Contact:
media@dlocal.com
Frequently Asked Questions
What is the purpose of dLocal's secondary offering?
The secondary offering allows dLocal to enhance its market position and provide liquidity to the Selling Shareholder.
Who is leading the underwriting group for this offering?
The underwriting group is led by J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley.
Will dLocal receive any proceeds from the offering?
No, dLocal will not receive any proceeds from the sale of shares in this offering.
How can investors access the offering documents?
Investors can access the offering documents through the SEC's EDGAR website for detailed information.
In which regions does dLocal operate?
dLocal operates across more than 40 countries in Africa, Asia, and Latin America, specializing in payments in emerging markets.
