dLocal Prices IPO at $21 Per Share; Trading Begins Today

Technology-first payments platform, dLocal Ltd DLO, has priced 29.4 million shares, including 25 million shares from selling shareholders at $21 per share, to raise $92.6 million in its initial public offering (IPO).
The offer price has exceeded the price range of $16 - $18 per share.
The shares are expected to begin trading on the Nasdaq under the ticker symbol “DLO” today.
The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4.4 million shares.
dLocal will utilize the IPO proceeds to accelerate investments in technology, manage potential working capital needs, pursue growth opportunities via acquisition and general corporate purposes.

Overview Rating:

Speculative

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