Amazon Reseller Matchin debuted on Nasdaq after IPO raised $ 300 million

A group of sampleone of the leading resellers on AmazonOn Friday, he plunged into the public markets and saw that his shares were slipping into the NASDAQ debut.

Trading under head “PTRN”, stock opened at $ 13.50 after the company Sold stocks by 14 dollars in its IPO, in the middle The expected range. The proposal of the template has raised $ 300 million, and half the proceeds go to investors, and estimated the company of approximately $ 2.5 billion.

The company based in Ututa was founded by the husband and wife of the duo David Wright and Melanie Older in 2013 as Iserve Products before changing their name to 2019. Pattern Currently occupies Amazon seller in the US, based on the number of customer reviews, the research firm reports Impetus on the market.

The company describes itself as an “e -commerce” accelerator that helps more than 200 brands optimize its online market sales such as Amazon, Walmart. Target and the Tiktok store. It sells tens of thousands of products to categories, ranging from health and health, household electronics, as well as beauty and personal hygiene. Some of it Brand’s partners Include Nestle, Panasonic and Skechers.

The Tech IPO market has returned to life after an expanded dry spell. Reseller tickets StubHub debuted On the New York Stock Exchange on Wednesday, though its actions fell in the first two days of trading. Internet -Credit Clear and TwinsLast week, Crypto, founded by Cameron and Tyler Wiklevas. Peter Til supported Exchange of cryptocurrencies HauntingDesign Software Company Fig and the stablecoin issuer Wheel Also recently came to the market.

In the second quarter, the model reported 39% revenue growth up to $ 598.2 million. The company recorded a net profit of $ 16.4 million in the second quarter, compared to $ 11.3 million a year earlier. The operating profit amounted to $ 30.1 million for the period against $ 23.1 million for the same period last year.

The company competes with millions of traders who shoot their products on the Amazon’s Rawling MarketPlace market, where other suppliers now make up more than half of all goods sold on the site. Image said 94% of their 2024 revenues came from consumer products on Amazon, the US “Significant Most” in the US

Template is not the first Amazon seller to pursue IPO. Pharmaches once chief in the US seller Amazon, Eyes Through the Special Purpose Company in 2021 before highlighting these plans and Submission to bankruptcy A year later.

The sample is to enter the market during the major World uncertainty of tradeThe factor he recognized in his avenue. President Donald TrumpOver the past five months, the threats of tariffs against trading partners have directed strike waves through markets and shocked enterprises around the world.

“There is considerable uncertainty about the potential actions of the US government against international trade policy and the influence of tariffs, especially in terms of trade between the US and China,” the picture wrote.

The picture said that tariffs and trade tensions between the US and China can adversely affect the demand for their products, or harm their ability to “sell goods for pricing partners, consumers are willing to pay.”

In an interview on Friday, CEO David Wright said CNBC that the company tried to fulfill its proposals “a few months ago”, but was stuck from the tariffs that were first announced in April. Klarna and Stubhub put their IPO after the market went on the original Trump ad.

But the main risk of the company, according to its avenue, is its dependence on Amazon and what can happen when the e -commerce giant makes significant changes.

The image said it should Amazon restrict its ability to sell products, stop relationships, or see any big changes with a trial or regulation, it “can adversely affect our permanent growth, financial state and results.”

Wright said Challenge Amazon is inevitable.

“No matter what you do in this space, you are going to play with them,” Wright said. As for Amazon, suspending certain brands and sellers, “While you stay in the line, they were a great partner for us,” he said.

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