Pattern Group (PTRN) priced a secondary public offering of 8 million series A shares at $19 per share by an entity affiliated with pre-IPO shareholder Knox Lane, the company said Wednesday.
Underwriters have a 30-day option to purchase up to an additional 1.2 million shares, Pattern Group said.
The selling shareholder will receive all net proceeds from the offering and Pattern Group will not receive any proceeds, it said.
The offering is expected to close on Thursday.