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2021-06-24

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Fintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high

Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the st

Fintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high

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The stock has even managed to rise 39.1% from where DLO closed on its first trading day June 3 afterpopping some 54%.</p></li>\n <li>The latest gains apparently came on word that Investor’s Business Daily had added DLO to its IBD 50 Stock List of top growth companies.</li>\n <li>Last week, dLocal also announced a deal with Amazon to make it easier for overseas companies to sell goods on the e-commerce giant’s Brazilian online store and receive payment in U.S. dollars.</li>\n <li>The recent gains give dLocal about a $13.2B market cap.</li>\n <li>The company’s pre-IPO investors included major venture-capital firms like Alkeon Capital, Bond (formerly known as the Kleiner Perkins Digital Growth Fund), General Atlantic and Tiger Global.</li>\n <li>Seeking Alpha contributor Vince Martin recently wrote that“while I'm on the sidelines after the big post-IPO rally … even at this price, growth investors can and should consider DLO.”</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nFintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the stock up nearly 50% in six sessions to a post-IPO record high.\nUruguayan-based dLocal, which helps ...</p>\n\n<a href=\"https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1115102727","content_text":"Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the stock up nearly 50% in six sessions to a post-IPO record high.\nUruguayan-based dLocal, which helps large firms like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)make and accept electronic payments in 29 emerging markets, saw its stock rise to $45.07.\nThat represented a 11.3% gain for the day, as well as a 44.7% boost since DLO began six straight sessions of rallying last Wednesday.\nAll told, dLocal has risen 114.6% from its$21-a-share IPO priceset in early June. The stock has even managed to rise 39.1% from where DLO closed on its first trading day June 3 afterpopping some 54%.\nThe latest gains apparently came on word that Investor’s Business Daily had added DLO to its IBD 50 Stock List of top growth companies.\nLast week, dLocal also announced a deal with Amazon to make it easier for overseas companies to sell goods on the e-commerce giant’s Brazilian online store and receive payment in U.S. dollars.\nThe recent gains give dLocal about a $13.2B market cap.\nThe company’s pre-IPO investors included major venture-capital firms like Alkeon Capital, Bond (formerly known as the Kleiner Perkins Digital Growth Fund), General Atlantic and Tiger Global.\nSeeking Alpha contributor Vince Martin recently wrote that“while I'm on the sidelines after the big post-IPO rally … even at this price, growth investors can and should consider DLO.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}