DLocal Closes Successful Secondary Offering of Shares
DLocal Concludes Secondary Offering
DLocal Limited (NASDAQ: DLO), a leading technology-first payments platform, has officially announced the successful closing of its secondary offering. This significant financial milestone includes the sale of 17,250,000 Class A common shares, stemming from a prior announcement.
Details of the Offering
The offering was notably supplemented by the full exercise of underwriters' options, which allowed for an additional 2,250,000 shares to be included in the offering. These shares were made available to the public at a price of $12.75 each, although DLocal will not be selling any shares directly and will not see proceeds from the offering.
Leading Underwriters
Leading the underwriting process was a syndicate that features renowned financial institutions such as J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley. These firms played pivotal roles as global coordinators and joint bookrunners, working alongside BTG Pactual and Citigroup.
Securities Registration and Compliance
DLocal has complied with regulatory requirements by filing an automatically effective shelf registration statement with the appropriate regulatory authorities. This registration facilitates a transparent offering process and ensures that documents are accessible to investors.
Exploring dLocal's Impact in Payments
DLocal stands out as a transformative force in the payment processing sector. The company specializes in powering local payments across numerous emerging markets, efficiently connecting global merchants to consumers in more than 40 countries spanning Africa, Asia, and Latin America.
The One dLocal Platform
At the heart of DLocal's operations is the "One dLocal" platform, a streamlined solution offering a single API, platform interface, and contract framework. This innovative approach eliminates the burden on global companies to juggle multiple local entities, payment methods, and acquirers in various markets.
Investor Relations and Communication
For inquiries regarding investor relations, DLocal encourages interested parties to reach out via email at investor@dlocal.com.
Media Contact Information
The media can direct any inquiries to DLocal's media relations at media@dlocal.com.
Frequently Asked Questions
What was the purpose of DLocal's secondary offering?
The primary goal was to facilitate the sale of shares associated with General Atlantic, enhancing its financial standing.
Who were the key underwriters for this offering?
Notable underwriters included J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley.
How many shares were offered in total?
A total of 17,250,000 Class A common shares were included in the offering.
What is DLocal's notable market position?
DLocal champions local payments in emerging markets, connecting global merchants with local consumers effectively.
How can I get more information about DLocal?
Investors and media can reach out via designated email contacts provided in the communication.
About The Author
Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
