DLocal raises expansion funds in IPO

DLocal raises expansion funds in IPO

Equity IPO Latin America South America United States Uruguay Technology Digital Payments M&A

Uruguayan payments platform DLocal said it raised $618 million for its expansion plans in its initial public offering (IPO) on the Nasdaq stock exchange in New York on Wednesday as rising demand for digital services sparks new acquisitions by rivals, including in Chile on Thursday. The Montevideo-based company, which started out in 2016, said it sold 29.4 million shares for $21 each, above the $16 to $18 price range for the deal, according to a press release. DLocal said it will use some of the

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