dLocal Limited (DLO) IPO Opens 48% Higher

Today's IPO for dLocal Limited (NASDAQ: DLO) opened for trading at $31 after pricing 29,411,765 Class A common shares at $21, above the expected price range of $16 to $18 per share.

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.

dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers in 29 countries across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send payouts and settle funds globally without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

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