By Colin Kellaher


Patria Investments Ltd. on Friday said an upsized initial public offering of about 30.1 million shares was priced at $17 apiece, above the expected range of $14 to $16.

The Brazilian private-equity firm is selling 16.65 million shares in the offering, as expected, while current shareholder Blackstone Group Inc. is offering about 13.45 million shares, up from a planned sale of 10 million.

Patria and Blackstone have also granted the underwriters a 30-day option to buy up to an additional 4.51 million shares.

Patria shares are slated to begin trading Friday under the symbol PAX.


Write to Colin Kellaher at


(END) Dow Jones Newswires

January 22, 2021 08:40 ET (13:40 GMT)

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