The Firm represented the underwriters, led by global coordinators J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, in the public offering by General Atlantic DO B.V. of an aggregate of 17,250,000 Class A common shares of DLocal Limited (dLocal), including the exercise in full of the underwriters’ over-allotment option. The selling shareholder received approximately US$221 million in gross proceeds from the offering. dLocal’s Class A common shares are listed on the Nasdaq Global Select Market under the ticker symbol “DLO.”
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across APAC, the Middle East, Latin America and Africa. Through its platform, global companies can accept payments, send payouts and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
The Simpson Thacher team was led by S. Todd Crider and Juan Francisco Mendez and included Alejandro de Ramon-Laca, John L. Gorton and Sofia Reizin (Latin America - Capital Markets), Jonathan Cantor and Roberto Arza (Tax), Jennie Getsin (FINRA and Blue Sky), Amanda Allexon and James Fine (Financial Regulatory), Corina Holland and Isabella Gonzalez (Intellectual Property).