DLocal Limited Announces Proposed Secondary Offering

Rhea-AI Summary

DLocal Limited (NASDAQ:DLO) has announced an underwritten public offering of 16,000,000 Class A common shares by certain selling shareholders. The offering is part of a registration statement filed with the SEC. Additionally, the selling shareholders may grant underwriters the option to purchase up to 2,400,000 more shares. J.P. Morgan, Goldman Sachs, Citigroup, and Morgan Stanley are the global coordinators for this offering. This announcement does not constitute an offer to sell or buy these securities until the registration becomes effective.

Positive

• Initiation of a public offering of 16,000,000 Class A common shares.
• Potential for underwriters to purchase an additional 2,400,000 shares.

Negative

• None.

MONTEVIDEO, Uruguay, Oct. 18, 2021 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO) announced today the commencement of an underwritten public offering of 16,000,000 Class A common shares which are being offered by certain selling shareholders 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 intend to grant the underwriters the option to purchase up to 2,400,000 additional Class A common shares.

J.P. Morgan, Goldman Sachs & Co. LLC, Citigroup and Morgan Stanley are acting as global coordinators of this offering.

The offering will be made only by means of a prospectus. Copies of the preliminary 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 the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 is the date of the DLocal public offering?

DLocal announced the public offering on October 18, 2021.

How many common shares are being offered in DLocal's public offering?

DLocal is offering 16,000,000 Class A common shares.

Who are the underwriters for DLocal's share offering?

The underwriters include J.P. Morgan, Goldman Sachs, Citigroup, and Morgan Stanley.

What is the maximum number of additional shares underwriters can purchase in DLocal's offering?

Underwriters may purchase up to 2,400,000 additional Class A common shares.

Is DLocal's registration statement effective for the share offering?

No, the registration statement has been filed but not yet become effective.