dLocal Announces Pricing of Secondary Offering
Rhea-AI Summary
dLocal (NASDAQ:DLO) has announced the pricing of a secondary offering where an entity associated with General Atlantic will sell 15 million Class A common shares at $12.75 per share. The offering, expected to close on September 5, 2025, includes a 30-day option for underwriters to purchase up to 2.25 million additional 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.
Positive
- None.
Negative
- Significant shareholder General Atlantic reducing its stake through 15 million share sale
- Additional potential dilution of 2.25 million shares through underwriters' option
- No proceeds will be received by the company from this offering
News Market Reaction
On the day this news was published, DLO declined 7.82%, reflecting a notable negative market reaction. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $337M from the company's valuation, bringing the market cap to $3.98B at that time. Trading volume was above average at 2.0x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
MONTEVIDEO, Uruguay, Sept. 04, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”), (NASDAQ:DLO) a technology-first payments platform, today announced the pricing of a previously announced secondary offering of 15,000,000 Class A common shares by an entity associated with General Atlantic (the “Selling Shareholder”) at a price to the public of
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 “SEC”) 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 www.sec.gov. 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 prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.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; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email to: prospectus@morganstanley.com.
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 “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 pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
Investor Relations Contact:
investor@dlocal.com
Media Contact:
media@dlocal.com
FAQ
What is the price of dLocal's (DLO) secondary offering in September 2025?
How many shares is General Atlantic selling in dLocal's secondary offering?
When will dLocal's (DLO) secondary offering close?
Will dLocal receive any proceeds from the secondary offering?
Who are the underwriters for dLocal's secondary offering?
