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Ripple Customer dLocal Now Trades on Nasdaq after Raising $617 Million in US IPO

Finance

u.today 05 June 2021 11:10, UTC
  
Reading time: ~1 m

On June 4, Friday, official Twitter account of Ripple’s client dLocal made an announcement that the company had started trading on the Nasdaq.

A video was posted of the company team receiving the listing certificate from the exchange.

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As reported by U.Today earlier this week, payments startup dLocal from Uruguay that uses RippleNet had successfully raked in more than $617 million during its US initial public offering.

The company filed for an IPO confidentially on May 5, as covered by U.Today.

The IPO evaluation of dLocal constitutes $6.06 billion.

Earlier this year, cryptocurrency giant Coinbase also conducted a direct listing on the Nasdaq.


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