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PTRN

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Pattern Group , one of the leading resellers on Amazon , took the plunge into the public markets Friday and saw its stock rise slightly in its Nasdaq debut.

Trading under the ticker "PTRN," the stock opened at $13.50 after the company sold shares at $14 in its IPO, the middle of the expected range . The shares closed up 11% at $15.63 on Friday.

Pattern's offering raised $300 million, with half the proceeds going to investors, and valued the company at about $2.5 billion.

The Utah-based company was founded by husband-and-wife duo David Wright and Melanie Alder in 2013 as iServe Products before it changed its name to Pattern in 2019. Pattern currently ranks as the No. 2 Amazon seller in

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