After a busy start to 2021, the IPO market quiets down with only one IPO scheduled for the short holiday week. With a massive backlog of blank check companies on file, it’s safe to say that a number of SPACs will also launch and price. Cannabis finance REIT AFC Gamma (AFCG) plans to raise $119 million at a $240 million market cap. This newly-formed...read more
Patria Investments, a leading private equity firm based in Brazil, raised $512 million by offering 30.1 million shares (55% primary) at $17, above the range of $14 to $16. The offering contained 3.4 million more shares than anticipated. At pricing, Patria commands a market value of $2.3 billion.
Patria is one of the leading private markets investment firms in Latin America...read more
Four IPOs are scheduled to raise $1.8 billion in the shortened holiday week, featuring a diverse group of foreign issuers. China’s leading e-cigarette brand RLX Technology (RLX) plans to raise $1.0 billion at a $14.0 billion market cap. RLX Technology sells e-cigarettes and related accessories through over 100,000 retail outlets throughout China....read more
Patria Investments, a leading private equity firm based in Brazil, announced terms for its IPO on Thursday. The São Paulo, Brazil-based company plans to raise $400 million by offering 26.7 million shares (38% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Patria Investments would command a market value of $2.0 billion. Patria is one...read more
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US IPO Week Ahead: The IPO market takes a breather in a 1 IPO week
After a busy start to 2021, the IPO market quiets down with only one IPO scheduled for the short holiday week. With a massive backlog of blank check companies on file, it’s safe to say that a number of SPACs will also launch and price. Cannabis finance REIT AFC Gamma (AFCG) plans to raise $119 million at a $240 million market cap. This newly-formed...read more
Brazilian private equity firm Patria Investments prices upsized US IPO at $17, above the range
Patria Investments, a leading private equity firm based in Brazil, raised $512 million by offering 30.1 million shares (55% primary) at $17, above the range of $14 to $16. The offering contained 3.4 million more shares than anticipated. At pricing, Patria commands a market value of $2.3 billion. Patria is one of the leading private markets investment firms in Latin America...read more
US IPO Week Ahead: Foreign issuers dominate a 4 IPO week
Four IPOs are scheduled to raise $1.8 billion in the shortened holiday week, featuring a diverse group of foreign issuers. China’s leading e-cigarette brand RLX Technology (RLX) plans to raise $1.0 billion at a $14.0 billion market cap. RLX Technology sells e-cigarettes and related accessories through over 100,000 retail outlets throughout China....read more
Brazilian private equity firm Patria Investments sets terms for $400 million US IPO
Patria Investments, a leading private equity firm based in Brazil, announced terms for its IPO on Thursday. The São Paulo, Brazil-based company plans to raise $400 million by offering 26.7 million shares (38% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Patria Investments would command a market value of $2.0 billion. Patria is one...read more