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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

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

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