Dlocal shares fall 4.45% premarket after General Atlantic sells 15 million shares.

Dlocal Limited dropped 4.45% in premarket trading, with the company announcing the launch of a secondary offering of 15 million shares by an entity associated with General Atlantic. The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 2.25 million shares at the public offering price, less underwriting discounts. The company is not selling any shares in the offering and will not receive any proceeds from it.