Pátria prices IPO above range

Pátria prices IPO above range

Debt Capital Markets Corporate & Sovereign Strategy IPO Equity Rule 400 Brazil Latin America Rule 476

Brazilian investment firm Pátria Investimentos moved $453 million in an initial public offering (IPO) on the Nasdaq exchange after pricing its shares at $17 each, $1 above the target price range of $14 to $16, according to a securities filing late on Thursday. São Paulo-based Pátria sold 16.7 million shares in a primary offering, while US investment firm Blackstone offloaded 10 million shares in a secondary offering. JPMorgan, Bank of America and Credit Suisse were the bookrunners. Blackstone is

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