The largest owner is selling 15,000,000 shares via a block trade, with an additional option of 2,500,000 if the price is favorable.
https://finance.yahoo.com/news/dlocal-announces-launch-secondary-offering-203100918.html
The market naturally anticipates a decline in the stock price, but often similar situations have been good buying opportunities.
Largest holdings currently and after the sale
source: https://dlocal.gcs-web.com/node/7471/html
https://x.com/mvcinvesting/status/1963342659751481729
