Pattern(PTRN)
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E-commerce firm Pattern valued at $2.38 billion as shares fall in Nasdaq debut
Reuters· 2025-09-19 16:55
Core Insights - Pattern Group's shares experienced a decline of nearly 3.6% during their Nasdaq debut, indicating initial market challenges for the e-commerce firm [1] - The company's market valuation at the time of debut was approximately $2.38 billion, reflecting investor sentiment and market conditions [1] Company Summary - Pattern Group is an e-commerce firm that recently went public, entering the Nasdaq market [1] - The decline in share price suggests potential volatility and investor caution regarding the company's future performance [1]
Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million
CNBC· 2025-09-19 16:49
Company Overview - Pattern Group, co-founded by David Wright and Melanie Alder in 2013, is a leading reseller on Amazon and has recently gone public with an IPO on September 19, 2025 [1][3] - The company operates as an "ecommerce accelerator," assisting over 200 brands in optimizing sales across various online marketplaces, including Amazon, Walmart, Target, and TikTok Shop [4] IPO Details - The IPO raised $300 million, with shares sold at $14, opening at $13.50, and valuing the company at approximately $2.5 billion [2] - The stock's performance saw a decline on its Nasdaq debut [1] Financial Performance - In Q2, Pattern reported a revenue growth of 39% year-over-year, reaching $598.2 million, with net income increasing to $16.4 million from $11.3 million the previous year [6] - Operating income for the same period was $30.1 million, up from $23.1 million [6] Market Position - Pattern ranks as the No. 2 Amazon seller in the U.S. based on customer reviews, with 94% of its 2024 revenue derived from consumer product sales on Amazon [3][7] - The company faces competition from millions of merchants on Amazon's platform, where third-party vendors account for over half of all goods sold [7] Industry Context - The tech IPO market has recently seen a resurgence, with several companies, including Pattern, entering the public markets after a period of inactivity [5] - Pattern's IPO comes amid global trade uncertainties, particularly due to U.S. tariffs affecting international trade, which the company acknowledged in its prospectus [9][10] Risks - The company highlighted its reliance on Amazon as a significant risk, noting that any changes in Amazon's policies or relationship could adversely impact its growth and financial condition [11]
Pattern CEO David Wright on IPO debut
Youtube· 2025-09-19 12:17
Company Overview - Pattern is an e-commerce firm that helps brands resell goods on marketplaces like Amazon and Walmart, and it is going public on NASDAQ [1] - The company started with a focus on data technology and has evolved significantly from its initial concept, now connecting 61 marketplaces with over 20 offices globally [1][5] Business Model - Pattern's business model is technology and AI-enabled, allowing it to monetize by moving inventory across various platforms [1][2] - The company collects vast amounts of data, with 46 trillion data points and 100 billion data points collected weekly, which enhances its operational capabilities [7] Market Context - E-commerce penetration has increased from under 10% to 22% globally, indicating significant growth potential in the sector [5] - The company does not have a direct comparable in the market due to its unique technology-enabled approach [1][2] Future Outlook - There is an expectation of more companies similar to Pattern emerging in the e-commerce enabling space, particularly those leveraging AI [5] - The company emphasizes the importance of team dynamics and long-term growth over immediate financial performance post-IPO [3][4]
电商公司Pattern(PTRN.US)每股14美元定价IPO 市值触及25亿美元 今晚登陆纳斯达克
Zhi Tong Cai Jing· 2025-09-19 03:24
Group 1 - Pattern Group Inc raised $300 million through its IPO, pricing at the midpoint of the previously marketed range [1] - The company sold 21.43 million shares at $14 each, with half of the shares provided by Pattern and the other half by supporting investors [1] - The estimated market capitalization of Pattern upon its market debut is approximately $2.5 billion [1] Group 2 - For the six months ending June 30, Pattern reported a net profit of $32.1 million and total revenue of $1.1 billion, compared to a net profit of $22.6 million and revenue of $841.3 million in the same period last year [2] - Pattern was founded in 2013 and specializes in helping brands promote and sell on third-party e-commerce platforms like Amazon and Walmart [2] - The company's core services include inventory procurement, sales management, logistics support, and software and marketing services [2] Group 3 - Following the IPO, the two co-founders are expected to hold 86.5% of the voting power, with Knox Lane holding 4.7% and Banner Capital holding 2.5% [3] - The IPO was led by Goldman Sachs and JPMorgan, with shares expected to begin trading on NASDAQ under the ticker "PTRN" [3]
E-commerce firm Pattern, shareholders raise $300 million in US IPO
Reuters· 2025-09-19 01:39
Core Insights - Pattern and its existing shareholders successfully raised $300 million in its U.S. initial public offering (IPO) [1] - The shares were priced within the marketed range, indicating strong investor interest and confidence in the company's valuation [1] Company Summary - The IPO marks a significant milestone for Pattern, reflecting its growth and potential in the e-commerce sector [1] - The capital raised will likely be utilized for further expansion and development of the company's operations [1] Industry Context - The successful IPO of Pattern highlights the ongoing trend of e-commerce firms attracting substantial investment in the public markets [1] - This event may signal a positive outlook for other e-commerce companies considering going public [1]
E-commerce Firm Pattern to Price IPO at $14 Each, Mid-Range
Yahoo Finance· 2025-09-19 01:23
Company Overview - Pattern Group Inc. is an e-commerce firm that specializes in reselling goods on marketplaces like Amazon.com, ranking second in the US marketplace based on recent data [1][4] - The company was founded in 2013 by David Wright and Melanie Alder and offers services including inventory purchasing, fulfillment management, and marketing support for brands [6] IPO Details - The company and its investors raised $300 million in an initial public offering (IPO), pricing shares at $14 each, which is in the middle of the marketed range of $13 to $15 [2][8] - A total of 21.43 million shares were sold, with half offered by Pattern and the other half by its backers [2] Financial Performance - For the six months ending June 30, Pattern reported a net income of $32.1 million on revenue of $1.1 billion, compared to a net income of $22.6 million on revenue of $841.3 million in the same period the previous year, indicating significant growth [5] Market Valuation - At the IPO price, Pattern has a market value of approximately $2.5 billion based on outstanding shares [3] Shareholder Structure - Post-IPO, the co-founders are expected to retain 86.5% of shareholder voting power, with Knox Lane and Banner Capital holding 4.7% and 2.5% respectively [7] Underwriters and Trading - The IPO is being led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., with shares expected to begin trading on the Nasdaq Global Select Market under the symbol PTRN [8]
Pattern Announces Pricing of Initial Public Offering
Businesswire· 2025-09-19 01:07
Core Viewpoint - Pattern Group Inc. has announced the pricing of its initial public offering (IPO) of Series A common stock at $14.00 per share, with a total of 10,714,286 shares being offered by the company and an equal number by existing stockholders [1][2]. Offering Details - The IPO will consist of 10,714,286 shares of Series A common stock offered by Pattern and 10,714,286 shares offered by existing stockholders, with no proceeds going to Pattern from the latter [1]. - There is a 30-day option for underwriters to purchase an additional 3,214,285 shares at the IPO price, less underwriting discounts and commissions [1]. - Trading is expected to begin on the Nasdaq Global Select Market under the ticker symbol "PTRN" on September 19, 2025, with the offering closing on September 22, 2025, pending customary closing conditions [2]. Underwriters - Goldman Sachs & Co. LLC and J.P. Morgan are the lead book-running managers for the IPO, with Evercore ISI and Jefferies as joint book-running managers [3]. Company Overview - Pattern Group Inc. specializes in accelerating brands on global ecommerce marketplaces using proprietary technology and AI, leveraging over 46 trillion data points to optimize ecommerce growth across various platforms [5]. - The company supports hundreds of global brands in driving profitable revenue growth across more than 60 marketplaces, including major platforms like Amazon, Walmart.com, and Tmall [5].
Pattern(PTRN) - Prospectus(update)
2025-09-18 10:04
Table of Contents As filed with the U.S. Securities and Exchange Commission on September 18, 2025. Registration No. 333-289810 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pattern Group Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 5961 83-2556861 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) 1441 West ...
Pattern(PTRN) - Prospectus(update)
2025-09-17 10:03
Table of Contents As filed with the U.S. Securities and Exchange Commission on September 17, 2025. Registration No. 333-289810 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pattern Group Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 5961 83-2556861 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) 1441 West ...
Pattern(PTRN) - Prospectus(update)
2025-09-12 21:06
As filed with the U.S. Securities and Exchange Commission on September 12, 2025. Registration No. 333-289810 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pattern Group Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 5961 83-2556861 (I.R.S. Employer Identificat ...