Ripple Customer dLocal Now Trades on Nasdaq after Raising $617 Million in US IPO

Yuri Molchan

Payments company dLocal has now been listed on the Nasdaq after a successful IPO in the US

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Sat, 5/06/2021 - 8:52

Ripple Customer dLocal Now Trades on Nasdaq after Raising $617 Million in US IPO

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On June 4, Friday, official Twitter account of Ripple’s client dLocal made an announcement that the company had started trading on the Nasdaq.

A video was posted of the company team receiving the listing certificate from the exchange.

As reported by U.Today earlier this week, payments startup dLocal from Uruguay that uses RippleNet had successfully raked in more than $617 million during its US initial public offering.

The company filed for an IPO confidentially on May 5, as covered by U.Today.

Ripple Client dLocal Rakes in Over $617 Million in Its U.S. IPO

The IPO evaluation of dLocal constitutes $6.06 billion.

Earlier this year, cryptocurrency giant Coinbase also conducted a direct listing on the Nasdaq.

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.