Patria Investments Prices Initial Public Offering
On January 22, 2021 Patria Investments Limited (“Patria”) announced the pricing of its initial public offering (“IPO”). A total of 30,098,824 Class A common shares will be offered, with 16,650,000 shares offered by Patria and 13,448,824 offered by Blackstone PAT Holdings IV, L.L.C as a selling shareholder. The common shares were priced at $17 per share and will trade under the ticker symbol “PAX” on the Nasdaq Global Select Market.
Patria, based in Brazil, is a Latin American private market investment firm that focuses on private equity, infrastructure, real estate and credit segments. It has $12.7 billion in assets under management. Bank of America served as Global Coordinator for the IPO.
To read the press release: please click here.