DLO News

Just one IPO entered public markets after the holiday weekend, but the pipeline remained active, with 14 IPOs and 10 SPACs submitting initial filings. Cross-border payment processor dLocal (DLO) priced well above the range to raise $618 million at a $6.2 billion market cap. The Uruguay-based company provides a safe and simple platform for global...read more

dLocal, which provides payment processing for global merchants in emerging markets, raised $618 million by offering 29.4 million shares (85% secondary) at $21, above the range of $16 to $18. Cornerstone investor Fidelity had indicated an interest in purchasing up to 20% of shares in the offering. At pricing, the company commands a market value of $6.2 billion.  dLocal is...read more

Following an active week in the IPO market, just 1 IPO is scheduled to price in the shortened week ahead. While the calendar is quiet, several companies are primed to launch following Memorial Day, including payments platform Marqeta (MQ), Israeli workflow management platform monday.com (MNDY), and Chinese social networking platform...read more

dLocal, which provides a cross-border payment processing platform for e-commerce, announced terms for its IPO on Monday. The Montevideo, Uruguay-based company plans to raise $500 million by offering 29.4 million shares (85% insider) at a price range of $16 to $18. Cornerstone investor Fidelity intends to purchase 20% of shares in the offering. At the midpoint of the proposed...read more