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2021-06-03
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dLocal Announces Pricing of Initial Public Offering
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The Class A common shares are expected to begin trading on the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Global <a href=\"https://laohu8.com/S/SLCT\">Select</a> Market under the ticker symbol “DLO” on June 3, 2021 and the offering is expected to close on June 7, 2021, subject to customary closing conditions.</p><p>In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,411,765 Class A common shares at the initial public offering price, less underwriting discounts and commissions.</p><p>dLocal intends to use the net proceeds from the offering (1) to accelerate investments in technology, (2) to manage potential working capital needs, (3) to pursue growth opportunities, including through the acquisition of cross-border payment processing companies, software development companies or other payment related companies and (4) for general corporate purposes.</p><p>The offering is being made through an underwriting group led by J.P. 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