The IPO Buzz: Pattern Group (PTRN) Prices IPO at $14 – Mid-Point

Pattern Group’s stock is set to start trading tomorrow – Friday, Sept. 19, 2025 – on the NASDAQ.

Goldman Sachs and J.P. Morgan led the joint book-runners’ team.

Evercore ISI, Jefferies, Baird, BMO Capital Markets, KeyBanc Capital Markets, Needham & Co., Stifel and William Blair also served as joint book-runners.

Of the 21.43 million shares in the IPO, the company sold half – or about 10.71 million shares – and the selling stockholders – the founders – sold 10.71 million shares – representing the other half. Pattern will not receive any proceeds from the sale of the selling stockholders’ shares.

Pattern, based in Lehi, Utah, described its business in the prospectus: “We are an online reseller of consumer products. We partner with premium brands – Bosch and Tumi, for example – and sell their products online via Amazon or Walmart, for example.”

The profitable company, founded in 2013, calls itself “the pioneer of ecommerce acceleration.” Of the four companies that went public this week, Pattern is the only profitable one.

Pattern said its “proprietary technology platform is powered by AI and machine learning,” according to the prospectus.

Most of Pattern’s sales came from Amazon in 2024, the prospectus said.

Pattern Group’s revenue for the first six months of 2025 – the period that ended June 30, 2025 – was $1.14 billion – representing a 35 percent increase from $841 million for the six months that ended June 30, 2024. During the same period, Pattern Group’s net income increased 31 percent from $35 million to $47 million, the prospectus said.    

Pattern reported net income of $78.9 million on revenue of $2.09 billion for the 12 months that ended June 30, 2025, according to financial statements in the prospectus.

(For more information about these companies, please check the IPO Calendar  and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.