Investing.com - Financial Markets Worldwide

Pattern seeks up to $2.64 billion valuation in a Nasdaq IPO

Published 10/09/2025, 11:28
Pattern seeks up to $2.64 billion valuation in a Nasdaq IPO
EBAY
4.26%
AMZN
-1.30%
WMT
0.36%
TGT
-0.54%

Investing.com -- Pattern is aiming for a valuation of up to $2.64 billion in its upcoming initial public offering in the United States, the e-commerce company announced Wednesday.

The Lehi, Utah-based firm and some of its existing shareholders plan to offer 21.4 million shares priced between $13 and $15 each, potentially raising as much as $321 million.

Pattern, founded as iServe in 2013 by David Wright and Melanie Alder, operates as an e-commerce accelerator that helps brands expand across numerous global online marketplaces, including Amazon, Walmart, Target, eBay, TikTok Shop and Mercado Libre.

Goldman Sachs and J.P. Morgan are serving as the lead underwriters for the offering. The company intends to list on the Nasdaq under the ticker symbol "PTRN".

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.