Fintech stock DLocal (NASDAQ: DLO) took a hit on Thursday, dropping nearly 8% after a major shareholder announced a secondary offering of 15 million shares at $12.75 each, below the previous closing price. The company stressed it will not receive any proceeds from the sale, and the underwriting syndicate has an option to purchase an additional 2.25 million shares. Although this move raises concerns, it doesn’t necessarily indicate a lack of confidence in the investment. Investors should carefully consider all factors before buying DLocal stock.

Read more at Yahoo Finance: Why DLocal Stock Got Thrashed on Thursday