Uruguay’s DLocal valued at nearly $9 bln in Nasdaq debut – Reuters
- Date: 04-Jun-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Uruguay’s DLocal valued at nearly $9 bln in Nasdaq debut – Reuters
Shares of DLocal Ltd (DLO.O) jumped nearly 48% in their Nasdaq debut on Thursday, giving the Uruguayan cross-border payments firm a market capitalization of about $9 billion.
The company's stock opened at $31, compared with the initial public offering price (IPO) of $21. DLocal sold 29.4 million shares in its IPO, raising about $617.7 million.
Of the shares sold, roughly 4.4 million shares were offered by the company, while the rest were sold by its existing investors.
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