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Manuel Garciadiaz | |
Davis Polk & Wardwell LLP 450 Lexington Avenue | 212 450 6095 tel 212 450 6858 fax manuel.garciadiaz@davispolk.com | |
| March 2, 2021 |
| Re: | DLocal Limited Submitted March 2, 2021 |
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Ladies and Gentlemen:
On behalf of our client, DLocal Limited (the “Company”), a limited liability company incorporated under the laws of Cayman Islands, we have confidentially submitted a draft registration statement on Form F-1 (the “Draft Registration Statement”) relating to a proposed initial public offering (“IPO”) of the Company’s Class A common shares via EDGAR to the Securities and Exchange Commission (the “Commission”) for confidential review pursuant to the Jumpstart Our Business Startups Act (the “JOBS Act”).
For the staff’s convenience, we have also enclosed three copies of the Draft Registration Statement, as confidentially submitted on EDGAR. The Company confirms that it is an “emerging growth company”, as defined in the JOBS Act and its securities have not been previously sold pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Act”).
The Company intends to conduct the IPO using financial statements not earlier than the year ended December 31, 2020. A formal filing of the Registration Statement will be made at a later date, which in no event will be later than 15 days before the Company commences its road show.
The review partner for this submission at the current audit firm, Price Waterhouse & Co. S.R.L., is Gustavo Ariel Vidan, who can be reached at +54-11-4850-4562.
| 2 | March 2, 2021 |
Please do not hesitate to contact me at 212-450-6095 or manuel.garciadiaz@davispolk.com if you have any questions regarding the foregoing or if I can provide any additional information.
Very truly yours,
/s/ Manuel Garciadiaz
Manuel Garciadiaz
| cc: | Sebastian Kanovich, Chief Executive Officer, DLocal Limited |
Diego Cabrera Canay, Chief Financial Officer, DLocal Limited
Gustavo Ariel Vidan, Price Waterhouse & Co. S.R.L.