Sept 10 (Reuters) - Pattern is seeking a valuation of up
to $2.64 billion in its initial public offering in the United
States, the e-commerce firm said on Wednesday, in a further sign
of resurgent demand for new listings.
After an April slowdown tied to tariff jitters, improved
trade prospects and strong investor demand for IPOs restored
confidence in the market.
The Lehi, Utah-based company and some of its existing
shareholders are offering 21.4 million shares, priced between
$13 and $15 apiece, to raise as much as $321 million.
Pattern's move to go public rides a wave of U.S. IPO
activity, spurred by the blockbuster debuts of high-profile
companies such as design software maker Figma ( FIG ) and
stablecoin issuer Circle.
Founded as iServe in 2013 by David Wright and Melanie Alder,
Pattern is a so-called ecommerce accelerator that helps brands
grow faster across hundreds of global marketplaces such as
Amazon ( AMZN ), Walmart ( WMT ), Target ( TGT ), eBay ( EBAY ),
TikTok Shop and Mercado Libre.
Goldman Sachs and J.P. Morgan are the lead underwriters for
the offering. Pattern will list on the Nasdaq under the symbol
"PTRN".