MADRID, 3 (EUROPA PRESS)
The Uruguayan technology company dLocal, specialized in offering online payment solutions, has started trading this Thursday on the Nasdaq in New York after making a Public Offering of Sale (IPO), becoming the second company in the country to reach this milestone.
The company’s IPO, which will trade under the symbol ‘DLO’, established an initial price of between $ 16 and $ 18 for each of the 29.4 million shares offered in the operation, approximately 10% of the total number of securities. On circulation.
However, the high demand in the previous day has set the final placement price at 21 dollars for each share, so the company will obtain about 617.4 million dollars (508 million euros) and its market capitalization will be at the environment of 6,100 million dollars (5,029 million euros).
Although the firm is the second Uruguayan to be listed on the Nasdaq, it is the first ‘unicorn’ born in the South American country after its valuation exceeded the barrier of 1,000 million dollars (824 million euros), a milestone that it achieved in September of last year.
The Uruguayan antecedent on Wall Street occurred in 1999, when the Internet firm StarMedia jumped into the New York market through an IPO with which it raised more than 100 million dollars (82.4 million euros).
Present at the company’s IPO were its co-founders, Sergio Fogel and Andrés Bzurovski, the president, Jacobo Singer and the CEO, Sebastián Kanovic.
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