How will the $12.75 secondary offering price affect DLO's immediate stock price and trading volume?

Immediate price impact

The secondary‑offering is being priced at $12.75 per Class A share. Because the 15 million shares (plus a potential 2.25 million under‑writers’ option) are coming onto the market without any cash going to DLO, the transaction is pure supply‑driven dilution. If DLO’s current quoted price is above $12.75, the offering effectively sets a new “floor” and we can expect a downward pressure as the market re‑prices the stock to the offering level. In most secondary‑offering cases the opening price on the first trading day tilts toward the offering price; anything more than a few cents above $12.75 will be quickly pulled down by the increased sell‑side liquidity.

Volume dynamics

The 15 million‑share float will generate a sharp short‑term volume spike. The selling shareholder’s block, the under‑writers’ 30‑day purchase option, and any secondary‑market participants trying to capture the $12.75 price will all be active on September 5. Expect the daily‑average volume to at least double‑ or triple‑the recent baseline, with the bulk of that activity occurring in the opening‑hour window as the block is settled and the under‑writers’ option is exercised.

Trading take‑aways

1. Short‑term bias: ‑/‑10 sentiment and the no‑cash‑to‑company nature of the deal point to a bearish‑short‑term tilt. Traders can look for a break‑below $12.75‑$12.60 on high volume to capture the initial sell‑off.

2. Liquidity play: The surge in volume creates a tight‑bid/ask spread and an opportunity for scalpers or intraday traders to capture the spread. 

3. Risk management: Set a stop just above the $12.75 ceiling (e.g., $13.00) if you’re long, or a profit target near $12.55‑$12.50 if you’re short. Monitor post‑offering price action for any reversal once the block is fully absorbed.

In short, the $12.75 pricing will likely pull the stock down toward that level while driving a pronounced, short‑lived uptick in trading volume on the offer’s closing date. Positioning should reflect a bearish‑to‑neutral stance with tight stops around the $13.00 ceiling and aggressive profit targets near the $12.60 floor.