E-commerce accelerator Pattern (PTRN.US) submitted an IPO application to the US stock market, with total fundraising expected to reach $400 million.

Pattern Group, an e-commerce acceleration platform, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Friday, aiming to raise up to 100 million US dollars. However, sources revealed that the financing amount for this IPO could reach 400 million US dollars. Pattern claims to be a pioneer in the field of e-commerce acceleration. Its self-developed artificial intelligence and machine learning technology platform performs thousands of optimization operations daily, aiming to efficiently sell tens of thousands of products on major e-commerce platforms worldwide. The company primarily generates revenue by purchasing products from brand partners (such as Gaia, Bosch, Tumi, LifeScan, etc.) and then selling them on major e-commerce platforms (such as Amazon, Walmart, Tmall, etc.). Founded in 2013, the company is headquartered in Lehi, Utah, with sales of 2.1 billion US dollars for the 12 months ending June 30, 2025. The company plans to list on the Nasdaq under the ticker symbol "PTRN". Pattern Group secretly submitted the application on December 16, 2024. Goldman Sachs and J.P. Morgan are serving as lead underwriters, while Evercore ISI and Jefferies are serving as joint underwriters. Pricing terms have not been disclosed.