Reported 2 days ago
DLocal (DLO) faced a fourth day of losses, dropping 7.82% to close at $12.84 following news that major shareholder General Atlantic planned to sell 15 million shares at $12.75 each for a total of $191.25 million. Despite the sale not causing dilution, investor sentiment was negatively impacted. The offering is set to close on September 5, with General Atlantic also allowing underwriters an option for an additional 2.25 million shares.
Source: YAHOO