dLocal Announces Pricing of Secondary Offering
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.
dLocal (NASDAQ:DLO) ha comunicato il prezzo di un'offerta secondaria in cui un'entità collegata a General Atlantic venderà 15 milioni di azioni ordinarie Classe A a $12,75 per azione. L'offerta, che dovrebbe chiudersi il 5 settembre 2025, comprende un'opzione di 30 giorni per gli underwriter di acquistare fino a 2,25 milioni di azioni aggiuntive.
L'operazione è guidata da J.P. Morgan, Goldman Sachs & Co. LLC e Morgan Stanley come global coordinator e joint bookrunners, con BTG Pactual e Citigroup in qualità di joint bookrunners. dLocal non riceverà alcun provento da questa offerta secondaria poiché la società non sta vendendo azioni.
dLocal (NASDAQ:DLO) ha anunciado el precio de una colocación secundaria en la que una entidad vinculada a General Atlantic venderá 15 millones de acciones ordinarias Clase A a $12,75 por acción. La oferta, que se espera cierre el 5 de septiembre de 2025, incluye una opción de 30 días para que los colocadores compren hasta 2,25 millones de acciones adicionales.
La operación está liderada por J.P. Morgan, Goldman Sachs & Co. LLC y Morgan Stanley como coordinadores globales y joint bookrunners, con BTG Pactual y Citigroup actuando como joint bookrunners. dLocal no recibirá ningún ingreso de esta colocación secundaria, ya que la compañía no está vendiendo acciones.
dLocal (NASDAQ:DLO)는 General Atlantic 관련 기관이 주식 A 클래스 보통주 1,500만 주를 주당 $12.75에 매각하는 2차 공모의 공모가를 발표했습니다. 이번 공모는 2025년 9월 5일 마감될 예정이며, 인수단이 최대 225만 주의 추가 주식을 매수할 수 있는 30일 옵션이 포함되어 있습니다.
이번 거래는 글로벌 코디네이터 겸 공동 주간사로 J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley가 주도하고, BTG Pactual과 Citigroup가 공동 주간사로 참여합니다. dLocal은 회사가 주식을 판매하지 않으므로 이 2차 공모로부터 어떤 수익도 받지 않습니다.
dLocal (NASDAQ:DLO) a annoncé le prix d'une offre secondaire dans le cadre de laquelle une entité liée à General Atlantic vendra 15 millions d'actions ordinaires de catégorie A à 12,75 $ par action. L'offre, qui devrait se clore le 5 septembre 2025, inclut une option de 30 jours permettant aux teneurs de livre d'acheter jusqu'à 2,25 millions d'actions supplémentaires.
L'opération est dirigée par J.P. Morgan, Goldman Sachs & Co. LLC et Morgan Stanley en tant que coordinateurs globaux et joint bookrunners, BTG Pactual et Citigroup intervenant comme joint bookrunners. dLocal ne recevra aucun produit de cette offre secondaire, la société ne vendant pas d'actions.
dLocal (NASDAQ:DLO) hat den Preis eines Secondary Offerings bekanntgegeben, bei dem eine mit General Atlantic verbundene Einheit 15 Millionen Class-A-Stammaktien zu $12,75 je Aktie veräußern wird. Das Angebot, das voraussichtlich am 5. September 2025 abgeschlossen wird, enthält eine 30-tägige Option für die Konsortialführer, bis zu 2,25 Millionen zusätzliche Aktien zu erwerben.
Die Transaktion wird von J.P. Morgan, Goldman Sachs & Co. LLC und Morgan Stanley als globale Koordinatoren und Joint Bookrunner angeführt, wobei BTG Pactual und Citigroup als Joint Bookrunner fungieren. dLocal wird aus diesem Secondary Offering keine Erlöse erhalten, da das Unternehmen selbst keine Aktien verkauft.
- None.
- 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
Insights
General Atlantic is selling 15M shares of dLocal at $12.75/share in a secondary offering, potentially signaling reduced confidence from a major investor.
This secondary offering represents a significant transaction where General Atlantic, a major investor in dLocal, is selling 15,000,000 Class A common shares at $12.75 per share. The underwriters also have a 30-day option to purchase an additional 2,250,000 shares.
Two key aspects stand out in this transaction. First, this is a secondary offering, meaning dLocal itself isn't selling shares and won't receive any proceeds. All funds go directly to General Atlantic as they reduce their position in the company.
Second, when major institutional investors like General Atlantic reduce their stake, it often raises questions about their long-term confidence in the company. While we don't know General Atlantic's specific motivation, such large shareholders typically have deep insight into company operations and prospects.
The offering is being led by top-tier investment banks including J.P. Morgan, Goldman Sachs, and Morgan Stanley as global coordinators and joint bookrunners, with BTG Pactual and Citigroup as additional joint bookrunners. This strong underwriting team suggests the offering is being well-managed despite potentially representing a vote of reduced confidence from a significant investor.
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
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