dLocal Ltd

dLocal Ltd (DLO) priced its initial public offering on Jun 4, 2021 at $21.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.06B. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, Citigroup and Morgan Stanley and others. Davis Polk and Maples and Calder advised the company and Simpson Thacher and Conyers Dill & Pearman advised the underwriters.

dLocal Ltd provides a cloud-based payments platform for emerging markets. Through a single API, platform and contract, global enterprise merchants collect payments and make payouts online across 29 countries, connecting to more than 600 local payment methods.

Status

IPO

Ticker

DLO

Exchange

Nasdaq Global Select

Priced

Jun 4, 2021

IPO price

$21.00

Market cap at IPO price

$6.06B

First filed

May 5, 2021

Underwriters

J.P. Morgan, Goldman Sachs, Citigroup, Morgan Stanley, BofA Securities, HSBC and UBS

Company counsel

Davis Polk and Maples and Calder

Underwriters' counsel

Simpson Thacher and Conyers Dill & Pearman

Sector

Business services

Country / state

Uruguay

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.