dLocal announces a secondary offering of 15 million Class A shares by General Atlantic; company won’t receive proceeds.
Quiver AI Summary
DLocal Limited, a technology-focused payments platform, announced the start of an underwritten registered secondary offering of 15,000,000 Class A common shares by a selling shareholder associated with General Atlantic. The company will not sell any shares or receive proceeds from this offering. The underwriters, led by J.P. Morgan, Goldman Sachs, and Morgan Stanley, may purchase an additional 2,250,000 shares at the public offering price. DLocal has filed a shelf registration statement with the SEC for this offering. Investors are encouraged to read the prospectus and associated documents available on the SEC's website before investing. This announcement does not constitute an offer to sell or a solicitation to buy any securities.
Potential Positives
- The commencement of a secondary offering of 15,000,000 Class A common shares could indicate strong interest in the company's stock from significant investors, such as General Atlantic.
- The involvement of reputable underwriters like J.P. Morgan, Goldman Sachs, and Morgan Stanley in the offering may enhance the company's credibility and market perception.
- The filing of an automatically effective shelf registration statement with the SEC demonstrates the company's compliance with regulatory requirements and transparency in capital market activities.
Potential Negatives
- The company is not receiving any proceeds from the secondary offering, which may indicate a lack of financial needs or reliance on existing shareholders for capital movements.
- Major shareholders selling off a significant number of shares can signal a loss of confidence in the company’s future prospects, potentially affecting investor sentiment negatively.
- The issuance of additional shares could lead to dilution of existing shareholders' value, creating concern among investors about the company’s stock performance.
FAQ
What is the purpose of dLocal's secondary offering?
dLocal’s secondary offering aims to facilitate the sale of 15,000,000 Class A common shares by a Selling Shareholder.
Who is the Selling Shareholder in this offering?
The Selling Shareholder in this offering is an entity associated with General Atlantic.
Will dLocal receive any proceeds from this offering?
No, dLocal will not receive any proceeds from the secondary offering.
What is the role of the underwriters in this offering?
The underwriters, including J.P. Morgan and Goldman Sachs, manage the offering and may purchase additional shares.
How can investors access the offering documents?
Investors can access the offering documents for free by visiting the SEC’s EDGAR website at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DLO Hedge Fund Activity
We have seen 70 institutional investors add shares of $DLO stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 7,111,896 shares (+3174.1%) to their portfolio in Q2 2025, for an estimated $80,648,900
- MARCHO PARTNERS LLP removed 2,684,443 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $22,388,254
- CANADA PENSION PLAN INVESTMENT BOARD removed 2,229,033 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $18,590,135
- AZORA CAPITAL LP removed 2,015,004 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $22,850,145
- TIKVAH MANAGEMENT LLC removed 1,054,499 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,958,018
- MARSHALL WACE, LLP added 1,047,692 shares (+64.0%) to their portfolio in Q2 2025, for an estimated $11,880,827
- DEUTSCHE BANK AG\ removed 1,014,873 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,508,659
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DLO Analyst Ratings
Wall Street analysts have issued reports on $DLO in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HSBC issued a "Buy" rating on 08/14/2025
- Citigroup issued a "Buy" rating on 05/27/2025
- Susquehanna issued a "Positive" rating on 05/15/2025
To track analyst ratings and price targets for $DLO, check out Quiver Quantitative's $DLO forecast page.
$DLO Price Targets
Multiple analysts have issued price targets for $DLO recently. We have seen 5 analysts offer price targets for $DLO in the last 6 months, with a median target of $14.6.
Here are some recent targets:
- Matthew Coad from Truist Securities set a target price of $14.0 on 08/22/2025
- Neha Agarwala from HSBC set a target price of $15.0 on 08/14/2025
- Mariana Taddeo from UBS set a target price of $10.0 on 07/30/2025
- Arnon Shirazi from Citigroup set a target price of $14.6 on 05/27/2025
- James Friedman from Susquehanna set a target price of $18.0 on 05/15/2025
Full Release
MONTEVIDEO, Uruguay, Sept. 03, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal” or the “Company”), (NASDAQ:DLO) a technology-first payments platform, today announced the commencement of an underwritten registered secondary offering of 15,000,000 Class A common shares by an entity associated with General Atlantic (the “Selling Shareholder”). The Company is not selling any Class A common shares in the offering and will not receive any proceeds from the offering.
In connection with the offering, the Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 Class A common shares at the 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 and Morgan Stanley, who are acting as global coordinators and joint bookrunners and BTG Pactual and Citigroup who are acting as joint bookrunners.
The Company has filed an automatically effective shelf registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the Company has filed or will file with the SEC for more complete information about the issuer and this offering. You may get these documents, when available, for free by visiting EDGAR on the SEC website at www.sec.gov . Copies of the prospectus and any accompanying prospectus supplement related to the offering may be obtained, when available, by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866 803 9204, or by email at [email protected] and [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected];; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email to: [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia, and Latin America. Through the “One dLocal” platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
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