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

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