SAN FRANCISCO, June 02, 2021 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced that it has priced its initial public offering of 29,411,765 Class A common shares, consisting of 4,411,765 Class A common shares offered by dLocal and 25,000,000 Class A common shares offered by the selling shareholders, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”) at a public offering price of $21.00 per share, above the price range of $16.00 to $18.00 per share. The Class A common shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “DLO” on June 3, 2021 and the offering is expected to close on June 7, 2021, subject to customary closing conditions.
In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,411,765 Class A common shares at the initial public offering price, less underwriting discounts and commissions.
dLocal intends to use the net proceeds from the offering (1) to accelerate investments in technology, (2) to manage potential working capital needs, (3) to pursue growth opportunities, including through the acquisition of cross-border payment processing companies, software development companies or other payment related companies and (4) for general corporate purposes.
The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, Citigroup and Morgan Stanley who are acting as global coordinators, and BofA Securities, HSBC and UBS Investment Bank who are acting as joint bookrunners.
精彩评论