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Patria Investments Priced, Nasdaq: PAX

Leading private equity firm based in Brazil.

Industry: Financials

Latest Trade: $13.43 0.00 (0.0%)

First Day Return: +17.1%

Return from IPO: -21.0%

Industry: Financials

We are one of the leading private markets investment firms in Latin America in terms of capital raised with over US$7.8 billion raised in the past five years. Preqin’s 2020 Global Private Equity & Venture Capital Report ranks us as the number one fund manager by total capital raised for private equity funds in the past 10 years in Latin America. As of September 30, 2020 and December 31, 2019, our AUM was US$12.7 billion and US$14.7 billion, respectively, and our investment portfolio was composed of over 55 and 50 companies and assets as of the same dates. Our size and performance over our 32-year history also make us one of the most significant emerging markets-based private markets investments managers. Our investment approach seeks to take advantage of sizable opportunities in Latin America while mitigating risks such as macroeconomic and foreign exchange volatility. We do so by focusing on resilient sectors - largely uncorrelated with macroeconomic factors - driving operational value creation, and partnering with entrepreneurs and management teams to develop some of the leading platforms in the region. Our strategy, applied since 1994 in our flagship private equity products (US$7.2 billion in AUM as of September 30, 2020, and in its 6th vintage) and since 2006 in our flagship infrastructure products (US$4.6 in AUM as of September 30 2020, and in its 4th vintage), has generated solid returns and sustained growth.
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IPO Data
IPO File Date 12/30/2020
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 30.1
Deal Size ($mm) $512
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/21/2021
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 30.1
Deal Size ($mm) $512
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
BofA Securities
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Company Data
Headquarters São Paulo, Brazil
Founded 1988
Employees 157
Website www.patria.com

Patria Investments (PAX) Performance