dLocal Announces Closing of Secondary Offering and听Full Exercise of the Underwriters鈥� Option to Purchase Additional Shares
dLocal (NASDAQ:DLO) has successfully completed its previously announced secondary offering of 17,250,000 Class A common shares at $12.75 per share. The offering includes 2,250,000 shares from the full exercise of the underwriters' option. The shares were sold by an entity associated with General Atlantic, with dLocal not selling any shares or receiving proceeds from the transaction.
The offering was led by a group of underwriters including J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley as global coordinators and joint bookrunners, with BTG Pactual and Citigroup acting as joint bookrunners.
dLocal (NASDAQ:DLO) ha completato con successo la sua offerta secondaria precedentemente annunciata di 17.250.000 azioni ordinarie di Classe A a 12,75 $ per azione. L'offerta comprende 2.250.000 azioni derivanti dall'esercizio integrale dell'opzione degli underwriter. Le azioni sono state vendute da un'entit脿 collegata a General Atlantic; dLocal non ha venduto azioni n茅 ricevuto proventi dalla transazione.
L'offerta 猫 stata guidata da un gruppo di underwriter, con J.P. Morgan, Goldman Sachs & Co. LLC e Morgan Stanley come coordinatori globali e joint bookrunners, mentre BTG Pactual e Citigroup hanno agito come joint bookrunners.
dLocal (NASDAQ:DLO) ha completado con 茅xito la oferta secundaria anunciada previamente de 17.250.000 acciones ordinarias Clase A a 12,75 d贸lares por acci贸n. La oferta incluye 2.250.000 acciones procedentes del ejercicio total de la opci贸n de los suscriptores. Las acciones fueron vendidas por una entidad vinculada a General Atlantic; dLocal no vendi贸 acciones ni recibi贸 ingresos por la transacci贸n.
La oferta estuvo liderada por un grupo de colocadores, con J.P. Morgan, Goldman Sachs & Co. LLC y Morgan Stanley como coordinadores globales y joint bookrunners, y BTG Pactual y Citigroup actuando como joint bookrunners.
dLocal (NASDAQ:DLO)電� 鞚挫爠鞐� 氚滍憸頃� 17,250,000欤� 韥措灅鞀� A 氤错喌欤�鞚� 2彀� 瓿惦毳� 欤茧嫻 $12.75搿� 靹标车鞝侅溂搿� 毵堦皭頄堨姷雼堧嫟. 鞚措矆 瓿惦鞐愲姅 鞚胳垬雼潣 鞓奠厴鞚� 鞝勲秬 頄夓偓霅橃柎 氚滌儩頃� 2,250,000欤缄皜 韽暔霅╇媹雼�. 頃措嫻 欤检嫕鞚� General Atlantic 甏�霠� 旮瓣磤鞚� 毵り皝頄堨溂氅�, dLocal鞚� 欤检嫕鞚� 韺愲Г頃橃 鞎婌晿瓿� 瓯半灅搿滊秬韯� 靾橃澋鞚� 鞏混 鞎婌晿鞀惦媹雼�.
鞚措矆 瓿惦電� J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley臧� 旮�搿滊矊 旖旊敂雱れ澊韯� 瓴� 瓿惦彊 攵侂煬雱堧 欤茧弰頄堨溂氅�, BTG Pactual瓿� Citigroup鞚� 瓿惦彊 攵侂煬雱堧 彀胳棳頄堨姷雼堧嫟.
dLocal (NASDAQ:DLO) a cl么tur茅 avec succ猫s son 茅mission secondaire pr茅c茅demment annonc茅e de 17 250 000 actions ordinaires de classe A au prix de 12,75 $ par action. L'op茅ration inclut 2 250 000 actions issues de l'exercice int茅gral de l'option des garants. Les titres ont 茅t茅 vendus par une entit茅 li茅e 脿 General Atlantic; dLocal n'a vendu aucune action et n'a per莽u aucun produit de la transaction.
L'op茅ration a 茅t茅 men茅e par un groupe de teneurs de livres comprenant J.P. Morgan, Goldman Sachs & Co. LLC et Morgan Stanley en tant que coordinateurs mondiaux et joint bookrunners, tandis que BTG Pactual et Citigroup ont agi en tant que joint bookrunners.
dLocal (NASDAQ:DLO) hat seine zuvor angek眉ndigte Sekund盲rplatzierung von 17.250.000 Class-A-Stammaktien zu 12,75 $ je Aktie erfolgreich abgeschlossen. Das Angebot umfasst 2.250.000 Aktien aus der vollst盲ndigen Aus眉bung der Greenshoe-Option der Konsortialf眉hrer. Die Aktien wurden von einer mit General Atlantic verbundenen Einheit verkauft; dLocal selbst hat keine Aktien ver盲u脽ert und keine Erl枚se aus der Transaktion erhalten.
Die Platzierung wurde von einem Underwriter-Konsortium gef眉hrt, wobei J.P. Morgan, Goldman Sachs & Co. LLC und Morgan Stanley als globale Koordinatoren und Joint Bookrunner fungierten; BTG Pactual und Citigroup traten ebenfalls als Joint Bookrunner auf.
- None.
- Significant secondary offering of 17.25M shares could impact stock price
- No proceeds will be received by the company from this offering
- Large shareholder (General Atlantic) reducing their stake in the company
Insights
General Atlantic reduced its stake in dLocal by selling 17.25M shares at $12.75, potentially signaling reduced confidence in future growth.
dLocal has announced the completion of a secondary offering where an entity affiliated with General Atlantic sold 17,250,000 Class A common shares at $12.75 per share, including 2,250,000 shares from the full exercise of the underwriters' option. This transaction represents a significant divestment by a major investor, with the total value of shares sold amounting to approximately
The completion of this offering with full exercise of the underwriters' option suggests there was sufficient market demand for these shares despite the large volume being sold. However, investors should note that dLocal itself didn't sell any shares and received no proceeds from this transaction.
This secondary offering represents a notable reduction in General Atlantic's ownership stake in dLocal. When major investors reduce their positions, it often raises questions about their long-term confidence in a company's growth trajectory or valuation. The pricing at $12.75 per share provides a clear market-determined valuation point for dLocal in the current environment.
The transaction was facilitated by several major financial institutions including J.P. Morgan, Goldman Sachs, Morgan Stanley, BTG Pactual, and Citigroup, indicating strong institutional support for the offering process. This broad syndicate of underwriters suggests the offering was structured to minimize market impact while accommodating the substantial share sale.
MONTEVIDEO, Uruguay, Sept. 05, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (鈥渄Local鈥�), (NASDAQ:DLO) a technology-first payments platform, today announced the closing of a previously announced secondary offering of 17,250,000 Class A common shares (including 2,250,000 Class A common shares pursuant to the full exercise of the underwriters鈥� option) by an entity associated with General Atlantic at a price to the public of
The offering was made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley, who are acting as global coordinators and joint bookrunners and BTG Pactual and Citigroup who are acting as joint bookrunners.
The Company has filed an automatically effective shelf registration statement (including a prospectus) with the Securities and Exchange Commission (the 鈥淪EC鈥�) for the offering to which this communication relates. The offering was made only by means of a prospectus in that registration statement, including the documents incorporated by reference therein and any accompanying prospectus supplement. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Copies of the prospectus and any accompanying prospectus supplement related to the offering may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866 803 9204, or by email at [email protected] and [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email to: .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia, and Latin America. Through the 鈥淥ne dLocal鈥� platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
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