DLocal Limited announced the commencement of an underwritten registered secondary offering of 15,000,000 Class A common shares. The shares are being offered by an entity associated with General Atlantic, identified as the selling shareholder.
DLocal clarified that it is not selling any Class A common shares in this offering and will not receive any proceeds from the sale. The offering is being made pursuant to a shelf registration statement previously filed with the U.S. Securities and Exchange Commission.
This secondary offering allows a significant institutional shareholder to monetize a portion of its investment in DLocal. While it does not directly impact the company's balance sheet, it can increase the public float and liquidity of DLocal's stock in the market.
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