US Stock Market Move | Pattern Group (PTRN.US) debuts on the US stock market with a lower opening price.

On Friday, the American e-commerce company Pattern Group (PTRN.US) made its debut on the US stock market. The opening stock price dropped, reaching a low of $12.76 at one point. The IPO price was $14. Pattern Group is a company that focuses on reselling products on e-commerce platforms such as Amazon.com, Inc. (AMZN.US), where they rank second in the US market. This IPO will provide financial support for the company to further expand its operations and optimize its supply chain. In the first six months of the year, ending on June 30, Pattern's net profit was approximately $32.1 million, with total revenue of around $1.1 billion. In the same period of the previous year, the net profit was $22.6 million, with revenue at $841.3 million.