Pattern Group Inc. is seeking a valuation of up to $2.64 billion through its planned initial public offering (IPO) in the United States, the company said in a filing cited by Reuters.
Pattern Group is an ecommerce technology company that helps consumer brands sell across global online marketplaces. With existing shareholders, it plans to sell 21.4 million shares of Series A common stock, according to the filing with the U.S. Securities and Exchange Commission.
About the Pattern Group IPO
The company will offer half of the shares. Current investors will offer the other half. They expect shares to be between $13 and $15 each, raising as much as $321 million at the top of the range, Reuters reported. Pattern will not receive proceeds from stockholder sales. Underwriters also have a 30-day option to purchase up to 3.2 million additional shares.
Goldman Sachs and J.P. Morgan are leading the underwriting syndicate, joined by Evercore ISI, Jefferies, and other banks.
Founded in 2013, Pattern helps consumer brands scale sales across more than 60 global online marketplaces. Those marketplaces include Amazon, Walmart, Target, TikTok Shop, and Mercado Libre. The company combines proprietary technology with on-demand human expertise to manage pricing, advertising, content, forecasting, and customer service, positioning itself as a turnkey solution for brands navigating digital marketplaces.
Pattern says its platform processes more than 46 trillion data points, adding 100 billion new points each week. These insights feed automated adjustments to product listings, pricing, and marketing campaigns, allowing brand partners to optimize performance without building large in-house teams.
The company reported revenue of $1.80 billion in 2024, up 31% from $1.37 billion in 2023. Net income nearly doubled to $42.5 million from $19.8 million, while adjusted EBITDA reached $101 million, a 138% increase over two years. For the first half of 2025, revenue rose 35% year over year to $1.14 billion, with net income up 31% to $47 million.
Pattern attributes its growth to long-term customer relationships. In 2024, 87% of revenue came from partners engaged for more than a year, and half from relationships exceeding five years. The company reported a net revenue retention rate of 116%.
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