DLocal Ltd., a technology-first payments platform listed on NASDAQ under the ticker DLO, has announced the launch of a secondary offering of 15,000,000 Class A common shares. The shares are being sold by an entity associated with General Atlantic, with the company itself not selling any shares or receiving any proceeds from the offering. Additionally, the Selling Shareholder may grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares. The offering is managed by an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley as global coordinators and joint bookrunners, with BTG Pactual and Citigroup also acting as joint bookrunners.
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