Payment company DLocal raises US$617.65 million in US IPO

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NEW YORK: Uruguayan payment startup DLocal said on Wednesday it raised US$617.65 million in its initial public offering. DLocal priced 29.4 million shares at US$21 per share, the company said, above its indicated US$16-US$18 range. The IPO values DLocal at US$6.06 billion. Of the shares sold …