 GRAND CAYMAN, Cayman Islands, July 15, 2021 GLOBE NEWSWIRE -- Patria Investments Limited, or Patria PAX: NASDAQ, through its affiliated investment funds, announces the completion of the initial public offering of portfolio company SmartFit. The company priced shares at R23 and began trading on the Brazilian B3 Stock Exchange on July 14th, 2021 under the ticker SMFT3. The listing raised at least R2.3 billion in a 100 primary offering, with the potential for upsizing through an over-allotment option. SmartFit is the first publicly listed fitness club operator in Latin America and the 5th largest Brazilian IPO in 2021. 