dLocal Prices IPO at $21 Per Share; Trading Begins Today

by Anusuya Lahiri, Benzinga Editor
June 3, 2021 6:35 AM | 1 min read | Make a Comment
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  • Technology-first payments platform, dLocal Ltd DLO, has priced 29.4 million shares, including 25 million shares from selling shareholders at $21 per share, to raise $92.6 million in its initial public offering (IPO).
  • The offer price has exceeded the price range of $16 - $18 per share.
  • The shares are expected to begin trading on the Nasdaq under the ticker symbol “DLO” today.
  • The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4.4 million shares.
  • dLocal will utilize the IPO proceeds to accelerate investments in technology, manage potential working capital needs, pursue growth opportunities via acquisition and general corporate purposes.
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