Pattern Group slips as Knox Lane looks to slice stake

Pattern

15/06/2026 11:38

** E-commerce firm Pattern Group's PTRN.O shares fall 4.3% to $20.06 premarket
** PTRN files for public offering of 8 million shares by selling stockholder Knox Lane
** Offering will reduce Knox Lane stake to 13% from 18.2%, according to offering prospectus
** J.P. Morgan and Goldman Sachs are among underwriters for offering
** PTRN went public in September after IPO priced at $14 apiece
** All 10 brokerages covering stock rate "buy" or higher; median PT $23 - data compiled by LSEG
** As of last close, PTRN stock up ~82% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))