Payment company DLocal raises $617.65 million in U.S. IPO

Reuters2021-06-03

NEW YORK, June 2 (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering.

DLocal priced 29.4 million shares at $21 per share, the company said, above its indicated $16-$18 range. The IPO values DLocal at $6.06 billion. Of the shares sold, around 4.4 million were by DLocal and 25 million by current investors.

The company's debut comes amid a flurry of payment companies that went public this year. Paymentus Holdings Inc , and Flywire Corp both started trading last month. Marqeta is also set to go public next week.

Founded in 2016, DLocal counts the likes of General Atlantic and Mastercard Inc among its prominent backers. It processes payments for global operators in emerging markets including Amazon.com Inc, Spotify Technology SA, Didi, and Kuaishou.

Demand for online payments has soared as in-store shopping and traditional payment methods are shifting towards e-commerce and digital transactions due to the COVID-19 pandemic.

DLocal's shares are scheduled to start trading on Thursday on the Nasdaq under the symbol "DLO". J.P. Morgan, Goldman Sachs, Citigroup and Morgan Stanley are the lead underwriters for the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Pink004
2021-06-03
Pink004
Good
kcwang4982
2021-06-03
kcwang4982
Ok
jcwt
2021-06-03
jcwt
Nice
okkar
2021-06-03
okkar
Like and comment.
- okkar:
  thanks
- ckww:
  Ok

Leave a comment

4

9

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2140705444?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-03 14:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2140705444","market":"us","top_or_hot":-1,"title":"Payment company DLocal raises $617.65 million in U.S. IPO","media":"Reuters","content":"<p>NEW YORK, June 2 (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering.</p>\n<p>DLocal priced 29.4 million shares at $21 per share, the company said, above its indicated $16-$18 range. The IPO values DLocal at $6.06 billion. Of the shares sold, around 4.4 million were by DLocal and 25 million by current investors.</p>\n<p>The company's debut comes amid a flurry of payment companies that went public this year. Paymentus Holdings Inc , and Flywire Corp both started trading last month. Marqeta&nbsp;is also set to go public next week.</p>\n<p>Founded in 2016, DLocal counts the likes of General Atlantic and Mastercard Inc among its prominent backers. It processes payments for global operators in emerging markets including Amazon.com Inc, Spotify Technology SA, Didi, and Kuaishou.</p>\n<p>Demand for online payments has soared as in-store shopping and traditional payment methods are shifting towards e-commerce and digital transactions due to the COVID-19 pandemic.</p>\n<p>DLocal's shares are scheduled to start trading on Thursday on the Nasdaq under the symbol \"DLO\". J.P. Morgan, Goldman Sachs, Citigroup and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> are the lead underwriters for the IPO.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Payment company DLocal raises $617.65 million in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayment company DLocal raises $617.65 million in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n2021-06-03 14:43 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, June 2 (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering.\nDLocal priced 29.4 million shares at $21 per share, the ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DLO","symbol_name":"DLocal Limited","start_time":0,"source_url":null,"article_id":"2140705444","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2140705444","pubTimestamp":1622702596,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"NEW YORK, June 2 (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 mi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DLO":"DLocal Limited","MS":"摩根士丹利"},"translate_title":"支付公司DLocal美国IPO融资6.1765亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLO":0.9,"MS":0.9},"content_text":"NEW YORK, June 2 (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering.\nDLocal priced 29.4 million shares at $21 per share, the company said, above its indicated $16-$18 range. The IPO values DLocal at $6.06 billion. Of the shares sold, around 4.4 million were by DLocal and 25 million by current investors.\nThe company's debut comes amid a flurry of payment companies that went public this year. Paymentus Holdings Inc , and Flywire Corp both started trading last month. Marqeta is also set to go public next week.\nFounded in 2016, DLocal counts the likes of General Atlantic and Mastercard Inc among its prominent backers. It processes payments for global operators in emerging markets including Amazon.com Inc, Spotify Technology SA, Didi, and Kuaishou.\nDemand for online payments has soared as in-store shopping and traditional payment methods are shifting towards e-commerce and digital transactions due to the COVID-19 pandemic.\nDLocal's shares are scheduled to start trading on Thursday on the Nasdaq under the symbol \"DLO\". J.P. Morgan, Goldman Sachs, Citigroup and Morgan Stanley are the lead underwriters for the IPO.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":118027850,"gmtCreate":1622709065270,"gmtModify":1704189375375,"author":{"id":"3577341055310022","authorId":"3577341055310022","name":"Pink004","avatar":"https://static.tigerbbs.com/c590727a3303e194d648430bed8b44a1","vip":1,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118027850","repostId":2140705444,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":111778837,"gmtCreate":1622704488729,"gmtModify":1704189272598,"author":{"id":"3574547862188011","authorId":"3574547862188011","name":"kcwang4982","avatar":"https://static.tigerbbs.com/c04d43cdb908fc01d7c2eb3734205700","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111778837","repostId":2140705444,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":111743597,"gmtCreate":1622703331919,"gmtModify":1704189255983,"author":{"id":"3585792690178837","authorId":"3585792690178837","name":"jcwt","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111743597","repostId":2140705444,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":111754257,"gmtCreate":1622702850879,"gmtModify":1704189250422,"author":{"id":"3580969894464089","authorId":"3580969894464089","name":"okkar","avatar":"https://static.tigerbbs.com/5284953eb6a2c6608eb0336ea3795f46","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment.","listText":"Like and comment.","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/111754257","repostId":2140705444,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4559599,"gmtCreate":1622704563083,"gmtModify":1663227862235,"authorId":3580969894464089,"author":{"id":3580969894464089,"authorId":3580969894464089,"name":"okkar","avatar":"https://static.tigerbbs.com/5284953eb6a2c6608eb0336ea3795f46","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.66%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":111754257,"type":1,"supId":4559539,"prevId":0,"content":"thanks","text":"thanks","html":"thanks"},{"id":4559539,"gmtCreate":1622704002592,"gmtModify":1635390217416,"authorId":3581586523786578,"author":{"id":3581586523786578,"authorId":3581586523786578,"name":"ckww","avatar":"https://static.tigerbbs.com/bc2cc1ef6533d547201ce880e7c04b9c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":111754257,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2140705444"}