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
01-22-21 0840ET