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Why DLocal Stock Crashed This Week

TheMotleyFool

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Shares of DLocal Limited (NASDAQ: DLO) dropped 22.4% in value week to date as of 2:54 p.m. EDT on Friday, according to data provided by S&P Global Market Intelligence. Earlier in the week, the company issued disappointing preliminary numbers for the upcoming third-quarter earnings report.

A few days later, it announced pricing for a secondary offering of common shares, which the market seemed to take as a sign that the stock's valuation is getting frothy.