DLocal Limited Announces Closing of Secondary Offering

Rhea-AI Summary

DLocal Limited (NASDAQ:DLO) has completed an underwritten public offering of 17 million Class A common shares at a price of $52.25 per share, involving selling shareholders. An additional option for underwriters to purchase up to 2.55 million shares at the same price has been granted. Major financial institutions including J.P. Morgan and Goldman Sachs coordinated the offering. This announcement emphasizes dLocal's role in facilitating local payments in emerging markets through its unified platform, connecting global merchants with consumers across 30 countries.

Positive

• Successful public offering of 17 million shares at $52.25 each.
• Underwriters granted option to purchase an additional 2.55 million shares, indicating potential investor interest.

Negative

• None.

MONTEVIDEO, Uruguay, Oct. 25, 2021 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO) announced today the closing of an underwritten public offering of 17,000,000 Class A common shares which were sold by certain selling shareholders at a public offering price of $52.25 per share. The offering was made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).

In connection with the offering, the selling shareholders have granted the underwriters the option to purchase up to 2,550,000 additional Class A common shares at the public offering price less the underwriting discounts and commissions.

J.P. Morgan, Goldman Sachs & Co. LLC, Citigroup and Morgan Stanley acted as global coordinators and BofA Securities and HSBC acted as joint bookrunners of this offering.

Copies of the final prospectus related to the offering may be obtained from: 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 prospectus-eq_fi@jpmchase.com; 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 prospectus-ny@ny.email.gs.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email to: prospectus@morganstanley.com.

A registration statement on Form F-1 relating to these securities has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any 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.

About dLocal

dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in over 30 countries across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” 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 payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Forward Looking Statements

This announcement contains certain forward-looking statements. These forward-looking statements convey our current expectations or forecasts of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in our filings with the SEC. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.

Investor Relations Contact:
investor@dlocal.com

Media Contact:
marketing@dlocal.com

FAQ

What was the public offering price for DLO's shares?

The public offering price for DLocal's shares was $52.25 each.

How many shares were offered in DLocal's recent offering?

DLocal offered 17 million Class A common shares in the public offering.

Who were the underwriters for DLocal's public offering?

J.P. Morgan, Goldman Sachs, Citigroup, and Morgan Stanley acted as underwriters for the offering.

What additional option was provided to underwriters in DLocal's offering?

Underwriters were granted the option to purchase up to 2.55 million additional shares.