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]

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]

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].