We advised dLocal on the offering

Davis Polk advised dLocal Limited on a $220 million SEC-registered offering of 17,250,000 Class A common shares by a selling shareholder associated with General Atlantic, including 2,250,000 Class A common shares purchased pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Class A common shares are traded on Nasdaq under the symbol “DLO.”

Based in Uruguay, dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia and Latin America. Through the “One dLocal” platform (one direct API, one platform and one contract), global companies can accept payments, send payouts and settle funds globally without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

The Davis Polk corporate team included partner Maurice Blanco, counsel Drew Glover and associate Matt Weaver. Counsel Leon E. Salkin and associate Alex Brod provided Investment Company Act advice. Partner Kara L. Mungovan and associates Alanna Phillips and Seokwon (Eric) Jang provided tax advice. Members of the Davis Polk team are based in the New York, São Paulo and Northern California offices.

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