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dLocal Announces Launch of Initial Public Offering


DLocal Limited (“dLocal”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, announced that it has launched its initial public offering of 29,411,765 Class A common shares pursuant to a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”). dLocal is offering 4,411,765 Class A common shares and the selling shareholders are offering 25,000,000 Class A common shares. The estimated price range for the offering is US$16.00 and US$18.00 per Class A common share. dLocal has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “DLO.” In connection with the offering, the selling shareholders expect to grant 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.

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.

A registration statement on Form F-1, including a prospectus, which is preliminary and subject to completion, 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 This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

dLocal Expands Emerging Markets Payments Platform in the Caribbean, LATAM |  Business Wire