Dlocal Ltd at JPMorgan Global Technology, Media & Communications Conference Transcript

May 25, 2022 / 01:20PM GMT
John Hall -

Good morning. I am John Hall. I'm Vice Chairman of Investment Banking at JPMorgan and have been a longtime fintech banker. We are thrilled today to have Sebastian Kanovich, who's the CEO and Founder -- are you Founder also?

Sebastian Kanovich - DLocal Limited - CEO & Director

Yes.

John Hall -

Founder of dLocal. It is also Sebastian's birthday today, so we won't be singing Happy Birthday, but we wish him a good birthday.

As many know, dLocal powers local payments in emerging markets. The company went public last June with much fanfare, as many of you are aware, given its huge TAM, super growth and impressive profitability. The stock went public and we went public at $21. I think it peaked at $74 in September, and I think closed a little below $24 yesterday. Still even with that up and down, it's one of the most best-performing IPOs of the cohort of '21.

So we're thrilled to have you here. Maybe we start with a little bit of perspective on the vision you had for the company and how that's evolved, if

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