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 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, Walmart, Target, 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”.
