BUZZ-Pattern Group slips as Knox Lane looks to slice stake

Pattern Group, Inc. Class A

Pattern Group, Inc. Class A

PTRN

0.00

** 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


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