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E-commerce firm Pattern eyes up to $2.6 billion valuation in US IPO
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E-commerce firm Pattern eyes up to $2.6 billion valuation in US IPO
Sep 10, 2025 3:36 AM

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".

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