Patria Investments Upsized IPO Priced Above Expectations
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
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(END) Dow Jones Newswires
January 22, 2021 08:40 ET (13:40 GMT)
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