DLocal Limited (NASDAQ:DLO) experienced a fourth day of decline, dropping 7.82% to $12.84 per share as a major shareholder, General Atlantic, announced the sale of 15 million shares for $191.25 million, causing negative investor sentiment.

While the sale will not lead to dilution, investors reacted unfavorably to the news, and DLocal Limited (NASDAQ:DLO) confirmed that it will not receive any proceeds from the offering. General Atlantic also granted underwriters the option to purchase an additional 2.25 million shares at the same price.

The sale of 15 million shares by General Atlantic is expected to close on September 5. Despite the potential of DLocal (DLO) as an investment, some prefer AI stocks for higher returns and limited downside risk. For insights on an inexpensive AI stock benefiting from Trump tariffs, refer to the free report on the best short-term AI stock.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: DLocal (DLO) Drops on 4th Day as Shareholder Disposes 15 Million Shares