DLocal Limited announced the closing of the previously announced secondary offering of 17,250,000 Class A common shares. This total includes 2,250,000 Class A common shares purchased by the underwriters through the full exercise of their option to purchase additional shares.
The shares were sold by an entity associated with General Atlantic, the selling shareholder, at a price to the public of $12.75 per share. DLocal confirmed that it did not sell any Class A common shares in the offering and therefore did not receive any proceeds from the sale.
The completion of this offering increases the public float of DLocal's shares, facilitating broader market access. This event concludes the process of a major shareholder divesting a portion of its stake in the company.
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