IPOs
By The Online Investor Staff, updated Fri., Jan. 22, 5:27 PM
| This Slide: #3 of 15 |
Slide #3. Patria Investments Limited — Initial Public Offering
Company:
Patria Investments Limited
Proposed Symbol:
PAX
Shares Offered:
30,098,824
Price Per Share:
$17.00
Over-Allotment:
4,514,823
Description:
Patria Investments Limited ("Patria"), one of the leading private markets investment firms in Latin America, today announced the pricing of its initial public offering of 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 Class A common shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "PAX" today and the offering is expected to close on January 26, 2021, subject to customary closing conditions. In connection with the offering, Patria and the selling shareholder have granted the underwriters a 30-day option to purchase up to an additional 4,514,823 Class A common shares at the initial public offering price, less underwriting discounts and commissions.
