DLocal announces offering of 15M Class A common shares for holders

DLocal (DLO) Limited announced the commencement of an underwritten registered secondary offering of 15M Class A common shares by an entity associated with General Atlantic. The company is not selling any Class A common shares in the offering and will not receive any proceeds from the offering. The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. and Morgan Stanley, who are acting as global coordinators and joint bookrunners and BTG Pactual and Citigroup who are acting as joint bookrunners.