E-Commerce Firm Pattern Valued at $2.4 Billion as Shares Fall in Nasdaq Debut

E-commerce firm Pattern valued at $2.4 billion as shares fall in Nasdaq debut

E-commerce accelerator Pattern Group on Friday notched a valuation of $2.38 billion as its shares fell 3.6 per cent in their Nasdaq debut, bucking the recent trend of strong first-day IPO performances.The Lehi, Utah-based company's stock opened at $13.50, compared with its offer price of $14.Pattern an

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million

The Utah-based company ranks No. 2 among the top U.S. sellers on Amazon's third-party marketplace.

E-commerce firm Pattern, shareholders raise $300 million in US IPO

(Reuters) -Pattern and its existing shareholders raised $300 million in its U.S. initial public offering on Thursday, after the e-commerce firm priced its shares within the marketed range. This would give the Lehi, Utah-based company a valuation of $2.5 billion. The company had intended to price its IPO between $13 and $15, according to its prospectus. Activity in the U.S. IPO market has shown a significant rebound, with equity markets showing s…

E-commerce Firm Pattern to Price IPO at $14 Each, Mid-Range

Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc., and some of its investors raised $300 million in an initial public offering that priced in the middle of its marketed range.

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million – RetailWit

The Utah-based company ranks No. 2 among the top U.S. sellers on Amazon’s third-party marketplace.

Amazon Reseller Pattern Valued at $2.5 Billion in IPO

Amazon reseller Pattern reportedly raised $300 million Friday (Sept. 19) in its initial public offering and saw its shares close up 11%. Pattern sold shares at $14 in its IPO. Its stock opened at $13.50 and closed at $15.63, CNBC reported Friday. The IPO valued the company at $2.5 billion. Pattern was founded in 2013 as iServe Products, changed its name to Pattern in 2019, and describes itself as an “eCommerce accelerator” that helps b…