dLocal Announces Launch of Secondary Offering
dLocal (NASDAQ:DLO), a technology-first payments platform, has announced a secondary offering of 15,000,000 Class A common shares by an entity affiliated with General Atlantic. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares.
The offering is being led by 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 will not receive any proceeds from this secondary offering as the company is not selling any shares.
dLocal (NASDAQ:DLO), piattaforma di pagamenti guidata dalla tecnologia, ha annunciato un offerta secondaria di 15.000.000 azioni di classe A da parte di un'entit脿 collegata a General Atlantic. Gli assicuratori avranno un'opzione di 30 giorni per acquistare ulteriori 2.250.000 azioni.
L'offerta 猫 guidata come coordinatori globali e joint bookrunners da J.P. Morgan, Goldman Sachs & Co. LLC e Morgan Stanley, con BTG Pactual e Citigroup in qualit脿 di joint bookrunners. dLocal non ricever脿 proventi da questa offerta secondaria, poich茅 la societ脿 non sta vendendo azioni.
dLocal (NASDAQ:DLO), una plataforma de pagos con enfoque tecnol贸gico, ha anunciado una oferta secundaria de 15.000.000 acciones clase A por parte de una entidad afiliada a General Atlantic. Los suscriptores tendr谩n una opci贸n de 30 d铆as para comprar otras 2.250.000 acciones.
La colocaci贸n est谩 liderada por J.P. Morgan, Goldman Sachs & Co. LLC y Morgan Stanley como coordinadores globales y joint bookrunners, y BTG Pactual y Citigroup act煤an como joint bookrunners. dLocal no recibir谩 ingresos de esta oferta secundaria, ya que la compa帽铆a no est谩 vendiendo acciones.
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鞚措矆 瓿惦電� 旮�搿滊矊 旖旊敂雱れ澊韯� 瓴� 瓿惦彊 攵侂煬雱堧 J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley臧� 欤茧弰頃橂┌, BTG Pactual瓿� Citigroup鞚� 瓿惦彊 攵侂煬雱堧 彀胳棳頃╇媹雼�. dLocal鞚� 須岇偓臧� 欤检嫕鞚� 毵る弰頃橃 鞎婈赴 霑岆鞐� 鞚措矆 2彀� 瓿惦搿滊秬韯� 靾橃澋鞚� 氚涭 鞎婌姷雼堧嫟.
dLocal (NASDAQ:DLO), une plateforme de paiements ax茅e sur la technologie, a annonc茅 une offre secondaire de 15 000 000 actions ordinaires de classe A par une entit茅 affili茅e 脿 General Atlantic. Les preneurs fermes disposeront d'une option de 30 jours pour acqu茅rir 2 250 000 actions 蝉耻辫辫濒茅尘别苍迟补颈谤别蝉.
L'op茅ration est men茅e par J.P. Morgan, Goldman Sachs & Co. LLC et Morgan Stanley en tant que coordinateurs globaux et co-leads, tandis que BTG Pactual et Citigroup interviennent comme co-leads. dLocal ne percevra aucun produit de cette offre secondaire, l'entreprise ne vendant pas d'actions.
dLocal (NASDAQ:DLO), eine technologieorientierte Zahlungsplattform, hat eine 厂别办耻苍诲盲谤辫濒补迟锄颈别谤耻苍驳 von 15.000.000 Class-A-Stammaktien durch eine an General Atlantic angeschlossene Einheit angek眉ndigt. Den Zeichnern steht eine 30-t盲gige Option zum Kauf weiterer 2.250.000 Aktien zu.
Die Platzierung wird von J.P. Morgan, Goldman Sachs & Co. LLC und Morgan Stanley als globale Koordinatoren und gemeinsame Bookrunner gef眉hrt; BTG Pactual und Citigroup fungieren als gemeinsame Bookrunner. dLocal erh盲lt keine Erl枚se aus dieser 厂别办耻苍诲盲谤辫濒补迟锄颈别谤耻苍驳, da das Unternehmen selbst keine Aktien verkauft.
- None.
- Significant shareholder General Atlantic reducing its stake through 15 million share sale
- Additional dilution possible through 2.25 million share overallotment option
- No proceeds will benefit the company as it's a secondary offering
Insights
General Atlantic is selling 15M dLocal shares in secondary offering; company receives no proceeds and maintains same share count.
dLocal announced a significant secondary offering where General Atlantic (a major institutional shareholder) is selling 15 million Class A common shares. This transaction represents a substantial block of shares changing hands, though dLocal itself isn't selling any shares and won't receive any proceeds from the sale.
The selling shareholder is also granting underwriters a 30-day option to purchase up to an additional 2.25 million shares, potentially bringing the total offering to 17.25 million shares. The offering is being managed by a syndicate of investment banks led by J.P. Morgan, Goldman Sachs, and Morgan Stanley as global coordinators and joint bookrunners, with BTG Pactual and Citigroup acting as additional joint bookrunners.
From an investor standpoint, this secondary offering is noteworthy as it represents a significant shareholder reducing their position. While secondary offerings don't dilute existing shareholders (since no new shares are being created), they can sometimes pressure share prices in the short term due to the increased supply of shares hitting the market. The involvement of major investment banks suggests an orderly distribution process designed to minimize market disruption.
It's worth noting that when institutional investors like General Atlantic reduce positions, it doesn't necessarily reflect negative sentiment about the company's prospects - it may simply represent portfolio rebalancing, fund lifecycle requirements, or profit-taking after a period of investment.
MONTEVIDEO, Uruguay, Sept. 03, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (鈥渄Local鈥� or the 鈥淐ompany鈥�), (NASDAQ:DLO) a technology-first payments platform, today announced the commencement of an underwritten registered secondary offering of 15,000,000 Class A common shares by an entity associated with General Atlantic (the 鈥淪elling Shareholder鈥�). The Company is not selling any Class A common shares in the offering and will not receive any proceeds from the offering.
In connection with the offering, the Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 Class A common shares at the public offering price, less underwriting discounts and commissions.
The offering is being 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. Before you invest, you should read the prospectus in that registration statement, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the Company has filed or will file with the SEC for more complete information about the issuer and this offering. You may get these documents, when available, for free by visiting EDGAR on the SEC website at . Copies of the prospectus and any accompanying prospectus supplement related to the offering may be obtained, when available, 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: [email protected].
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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FAQ
How many shares is General Atlantic selling in dLocal's (DLO) secondary offering?
Will dLocal (DLO) receive any proceeds from the secondary offering?
Who are the lead underwriters for dLocal's (DLO) secondary offering?
How can investors participate in dLocal's (DLO) secondary offering?
