For the first time, the Amazon distributor style on the Nasdak Stock Exchange after the public subscription collected 300 million dollars

Set of patternOne of the main sellers AmazonShe acquired public markets on Friday and saw her shares a little in her first appearance on the Nasdak Stock Exchange.

Trading under the “PTRN” index, the stock was opened at $ 13.50 after the company The stocks were sold At $ 14 in the public subscription, in the middle The expected range. The shares rose by about 5 % at $ 14.68 in the afternoon trading.

The Pattern Bay has raised $ 300 million, with half of the returns to investors, and the company was worth about $ 2.5 billion.

The Utah -based company was established by the husband and wife David Wright and Melani Alder in 2013 as ISERVE products before changing its name to a pattern in 2019. pattern It is currently ranked as the Amazon 2 seller in the United States, based on the number of customer reviews, according to the research company Marketplace Pulse.

The company describes itself as “accelerated e -commerce” that helps more than 200 brands to improve its sales on the online markets such as Amazon, Wal Martand goal And tiktok store. It sells tens of thousands of products across categories including health and wellness, consumer electronics, beauty and personal care. Some of Brand partners Includes Nestle, Panasonic and Squeers.

The technical public subscription market has returned to life in recent months after an extended dry talisman. Ticket distributor Stubhub First On the New York Stock Exchange on Wednesday, despite its decrease in its first two days of trading. Online lender clear and twinThe encryption company, which was founded by Cameron and Tyler Winkefus, began trading last week. Backed Peter Thil Exchange of cryptocurrency ClimbDesign software company Figma And the source of stablecoin circle I hit the market recently.

In the second quarter, Pattern recorded revenue growth by 39 % for the previous year to $ 598.2 million. The company recorded a net income of $ 16.4 million in the second quarter, compared to $ 11.3 million in the previous year. The operating income reached $ 30.1 million for this period for $ 23.1 million in the same period last year.

The company is competing with millions of merchants who scream for their tools in the Amazon, sprawling market, where third -party sellers now represent more than half of all goods sold on the site. The model said that 94 % of its revenues 2024 came from sales of consumer products on Amazon, with a “major majority” in the United States

The style is not the first Amazon seller to follow the public subscription. Pharmapacks, once an Amazon American seller, It is to go to public places Through a private purposes in 2021, before you put these plans and Discussing banking After a year.

The pattern strikes the market at the time of specialization Global trade uncertaintyAnd it is a factor that I confessed to the bulletin. president Donald TrumpThe tariff threats against commercial partners, over the past five months, have sent a shock through markets and companies that are vibrating worldwide.

“There is a great uncertainty regarding the potential measures of the US government regarding international trade policy and the impact of definitions, especially with regard to trade between the United States and China,” the model wrote in the deposit.

The model said that the definitions and trade tensions between the United States and China can negatively affect the demand for its products or harm their ability to “sell brand partners’ products at prices that consumers want to pay.”

CEO David Wright told CNBC in an interview on Friday that the company planned to hold “a few months ago”, but was late due to the definitions that were announced for the first time in April. Clarna and Stumbhub put subscription subscriptions after the market decreased in Trump’s initial advertisement.

But the higher risks of the company, according to the release bulletin, are its dependence on Amazon and what can happen if the e -commerce giant made major changes.

Pattern said that if Amazon restricts its ability to sell products, end the relationship, or see any major changes due to litigation or regulations, it “can negatively affect our continuous growth, financial situation and consequences of operations.”

Wright said that the Amazon challenge is inevitable.

“Regardless of what you do in this space, you will play with them,” Wright said. As for Amazon, Amazon has suspended some brands and sellers, “as long as you stayed inside the line, it was a great partner for us.”

Correction: This article has been updated to reflect that Crypto Gemini was founded by Cameron and Tyler Winkelvos. A previous version has made a mistake in dictating the title of the founders.

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