E-commerce accelerator Pattern submits IPO application for US stock market, aiming to raise up to $400 million
E-commerce acceleration platform Pattern Group has submitted an IPO application to the SEC, planning to raise up to $400 million. Founded in 2013, Pattern utilizes AI and machine learning technology to optimize product sales on global e-commerce platforms. The company expects to achieve sales of $2.1 billion by 2025 and plans to list on NASDAQ under the stock code "PTRN." Goldman Sachs and JP Morgan are the lead underwriters, with Evercore ISI and Jefferies as co-managers
According to the Zhitong Finance APP, e-commerce acceleration platform Pattern Group submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Friday, aiming to raise up to $100 million. However, sources revealed that the financing amount for this IPO could reach $400 million.
Pattern claims to be a "pioneer in the e-commerce acceleration field," with its self-developed artificial intelligence and machine learning technology platform executing thousands of optimization operations daily, dedicated to efficiently selling tens of thousands of products across major global e-commerce platforms. The company primarily generates revenue by sourcing products from brand partners (such as Gaia, Bosch, Tumi, LifeScan, etc.) and then selling them on mainstream global e-commerce platforms (such as Amazon, Walmart, Tmall, etc.).
Founded in 2013 and headquartered in Lehi, Utah, the company reported sales of $2.1 billion for the 12 months ending June 30, 2025. The company plans to list on NASDAQ under the ticker symbol "PTRN." Pattern Group submitted its application confidentially on December 16, 2024. Goldman Sachs and JP Morgan are serving as the lead underwriters, with Evercore ISI and Jefferies acting as co-managers. Pricing terms have not been disclosed
