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LEHI, Utah - Pattern Group Inc. (NASDAQ:PTRN), an ecommerce marketplace acceleration company, announced Tuesday the closing of its initial public offering at $14.00 per share. The offering consisted of 21,428,572 shares of Series A common stock, evenly split between company-issued shares and those sold by existing stockholders. According to InvestingPro data, the stock has experienced a 10.43% decline in its first week of trading, though it maintains strong financial health metrics.
The company began trading on the Nasdaq Global Select Market under the ticker symbol "PTRN" on September 19, 2025. Pattern received proceeds only from the 10,714,286 shares it directly sold, with no proceeds from the 10,714,286 shares sold by existing stockholders.
Certain selling stockholders have granted underwriters a 30-day option to purchase up to an additional 3,214,285 shares at the initial offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC and J.P. Morgan served as lead book-running managers for the offering. Evercore ISI and Jefferies acted as joint book-running managers, while Baird, BMO Capital Markets, KeyBanc Capital Markets, Needham & Company, Stifel, and William Blair participated as additional book-running managers.
Pattern describes itself as a company that helps brands grow on global ecommerce marketplaces using proprietary technology and artificial intelligence. According to the company’s press release statement, its platform operates across more than 60 global marketplaces including Amazon, Walmart.com, and Tmall. The company has demonstrated solid financial performance with $2.09 billion in revenue over the last twelve months and a healthy gross margin of 43.16%. InvestingPro analysis reveals 8 additional key insights about Pattern’s financial health and growth prospects, available to subscribers.
The offering was made available through a prospectus filed with the U.S. Securities and Exchange Commission. Trading at an EV/EBITDA multiple of 21.89x and a Price/Book ratio of 15.9x, Pattern’s current market valuation reflects high growth expectations. Investors can access detailed valuation metrics and Fair Value analysis through InvestingPro.
In other recent news, Pattern Group Inc. has announced the pricing of its initial public offering (IPO) at $14.00 per share. The IPO consists of 21,428,572 shares of Series A common stock, with an even split between newly issued shares from Pattern and existing shares from current stockholders. The company’s shares have started trading on the Nasdaq Global Select Market under the ticker symbol "PTRN." The offering is anticipated to close on September 22, pending customary closing conditions. These developments mark a significant milestone for Pattern Group Inc. as it enters the public market.
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