E-commerce firm Pattern Group raises $300 million in IPO, pricing in the middle of its marketed range.

Pattern Group, an e-commerce firm that resells goods on marketplaces like Amazon, has raised $300 million in its initial public offering (IPO), priced in the middle of its marketed range. The company's investors also participated in the offering.

Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc., has raised $300 million in its initial public offering (IPO), priced in the middle of its marketed range. The company's investors also participated in the offering.

Shares in the Lehi, Utah-based company traded at $13.50 each as of 1:03 p.m. in New York, below the IPO price of $14, compared to a marketed range of $13 to $15. The trading gives the company a market value of about $2.38 billion, based on the outstanding shares Pattern Group Shares Fall 8.9% After Firm’s $300 Million IPO^[1].

Pattern Group ranks second in the U.S. on Amazon’s marketplace, according to data compiled by Marketplace Pulse based on the number of reviews sellers received in the past 30 days. The company reported net income of $32.1 million on revenue of $1.1 billion for the six months ended June 30, 2025, compared to net income of $22.6 million on revenue of $841.3 million in the same period a year earlier Pattern Group Shares Fall 8.9% After Firm’s $300 Million IPO^[1].

Founded in 2013 by David Wright and Melanie Alder, who are married, Pattern helps brands sell on third-party online venues such as those run by Amazon, Walmart Inc., and Macy’s Inc. The company's services include buying inventory for brands and selling it, as well as helping them manage fulfillment and logistics and offering software and marketing services Pattern Group Shares Fall 8.9% After Firm’s $300 Million IPO^[1].

After the IPO, the co-founders are expected to hold 86.5% of shareholder voting power, with Knox Lane set to have 4.7% of the votes and Banner Capital 2.5% Pattern Group Shares Fall 8.9% After Firm’s $300 Million IPO^[1]. The offering was led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., with Pattern shares trading on the Nasdaq Global Select Market under the symbol PTRN Pattern Group Shares Fall 8.9% After Firm’s $300 Million IPO^[1].