UPDATE: Patria Investments Limited (PAX) IPO Indicated to Open 29% Higher (CORRECTION)

(Updated - January 22, 2021 11:38 AM EST)

Today's IPO for Patria Investments Limited (NASDAQ: PAX) is indicated to open $22 after pricing 30,098,824 Class A common shares, consisting of 16,650,000 Class A common shares offered by Patria and 13,448,824 Class A common shares offered by the selling shareholder, Blackstone PAT Holdings IV, L.L.C., pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission ("SEC") at a public offering price of $17.00 per share.

The offering is being made through an underwriting group led by J.P. Morgan, BofA Securities and Credit Suisse, who are acting as global coordinators, Goldman Sachs & Co. LLC, who is acting as joint bookrunner, and Bradesco BBI, BTG Pactual, Itaú BBA, Keefe, Bruyette & Woods, Inc., Santander and XP Investments US, LLC, who are acting as co-managers.

Patria Investments Limited is one of the leading private markets investment firms in Latin America.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• Staffing 360 Solutions (STAF) Receives Nasdaq Non-compliance Notice
• SunPower (SPWR) determined prior financial statements should no longer be relied upon