Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 67

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 67
---
 this option
to purchase additional shares, the underwriters will purchase Class A common shares in approximately the same proportion as shown
in the table above. If any additional Class A common shares are purchased, the underwriters will offer the additional Class A
common shares on the same terms as those on which the Cass A common shares are being offered.

The underwriting fee is equal to the public offering
price per Class A common share less the amount paid by the underwriters to the selling shareholder per Class A common share.
The underwriting fee is US$0.3825 per Class A common share. The following table shows the per share and total underwriting discounts
and commissions to be paid to the underwriters assuming both no exercise and full exercise of the underwriters’ option to purchase
additional Class A common shares.

<div align='center'>S-44</div>

|                                                                           |     | Per Class A Common Share |         |     | Without exercise of the option to purchase additional shares |       |     | With full exercise of the option to purchase additional shares |       |
|                                                                           |     | -in US$                  |         |     | -in US$ millions                                             |       |     |                                                                |       |
| Public offering price                                                     |     |                          |   12.75 |     |                                                              | 191.3 |     |                                                                | 219.9 |
| Underwriting discounts and commissions payable by the selling shareholder |     |                          |  0.3825 |     |                                                              |   5.7 |     |                                                                |   6.6 |
| Proceeds, before expenses, to the selling shareholder                     |     |                          | 12.3675 |     |                                                              | 185.5 |     |                                                                | 213.3 |

We estimate that the total expenses of this offering,
including registration, filing and listing fees, printing fees and legal and accounting expenses, but excluding the underwriting discounts
and commissions, will be approximately US$973,672. The Company will pay certain of the expenses of this offering.

A prospectus in electronic format may be made
available on the web sites maintained by one or more underwriters, or selling group members, if any, participating in the offering. The
underwriters may agree to allocate a number of shares to underwriters and selling group members for sale to their online brokerage account
holders. Internet distributions will be allocated by the representatives to underwriters and selling group members that may
make Internet distributions on the same