Patria Investments Ltd

Patria Investments Ltd (PAX) priced its initial public offering on Jan 25, 2021 at $17.00 per share, raising $511.7M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.27B. J.P. Morgan was lead-left underwriter, joined by BofA Securities, Credit Suisse and Goldman Sachs and others. Davis Polk and Maples and Calder advised the company and Simpson Thacher advised the underwriters.

Patria Investments Ltd is a private markets investment firm in Latin America that has raised over US$8.7 billion since 2015. It had US$12.7 billion in assets under management and 16 active funds as of September 30, 2020, and has a 32-year history.

Status

IPO

Ticker

PAX

Exchange

Nasdaq Global Select

Priced

Jan 25, 2021

IPO price

$17.00

Raised

$511.7M

Market cap at IPO price

$2.27B

First filed

Dec 30, 2020

Underwriters

J.P. Morgan, BofA Securities, Credit Suisse, Goldman Sachs, Bradesco BBI, BTG Pactual, Santander, XP and Stifel

Company counsel

Davis Polk and Maples and Calder

Underwriters' counsel

Simpson Thacher

Sector

Financials

Country / state

Cayman Islands

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.