dLocal announces 15M secondary offering by General Atlantic

DLocal Limited (NASDAQ: DLO) announced the commencement of an underwritten secondary offering of 15 million Class A common shares by an entity associated with General Atlantic, according to a company statement.

The payments platform company will not sell any shares in the offering and will not receive proceeds from the transaction. General Atlantic, as the selling shareholder, expects to grant underwriters a 30-day option to purchase up to an additional 2.25 million Class A common shares at the public offering price, less underwriting discounts and commissions.

J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley are serving as global coordinators and joint bookrunners for the offering. BTG Pactual and Citigroup are acting as joint bookrunners.

The company has filed an automatically effective shelf registration statement with the Securities and Exchange Commission for the offering. The registration statement includes a prospectus with complete information about the issuer and the offering.

DLocal operates a payments platform connecting global enterprise merchants with consumers in emerging markets across more than 40 countries in Africa, Asia, and Latin America. The company's platform allows global businesses to accept payments, send payouts and settle funds without managing separate processors or setting up multiple local entities.

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