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Uruguay’s dLocal announces closing of Initial Public Offering
By Pittaluga Abogados
On June 7, 2021, DLocal Limited, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, closed its initial public offering of 33,823,530 Class A common shares.dLocal intends to use the net proceeds from the offering to accelerate investments in technology, manage potential working capital needs, pursue growth opportunities, including through the acquisition of cross-border payment processing companies, software development companies or other payment related companies and for general corporate purposes.
The offering was made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, Citigroup and Morgan Stanley who acted as global coordinators, and BofA Securities, HSBC and UBS Investment Bank who acted as joint bookrunners. Founded in Uruguay, dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers in 29 countries across APAC, the Middle East, Latin America, and Africa.
Pittaluga Abogados
Pittaluga Abogados, has initiated its professional practice 20 years ago, as an Intellectual Property Law Firm.
After some years providing a specialized and top level service for foreign clients, many of them among the world premier companies, Pittaluga Abogados obtained a recognized international prestige in said field, which convert it into one of the leaders Intellectual Property Law Firms in Uruguay.
Thus, today in P&A we take pride in emphasizing that our goal has always been and will continue being, to keep a personal relationship with our clients, considering at all times the priorities of our clients as our own, with the belief that each one of them is unique and irreplaceable.
