US Stock IPO Introduction: AI e-commerce distributor Pattern plans to go public, with a valuation of up to $2.64 billion.

AI e-commerce distribution company Pattern Group Inc will have its IPO in the United States (IPO), with a valuation expected to reach as high as 2.64 billion USD, riding the wave of the IPO boom in the U.S. The overall stock market in the U.S. is developing with an optimistic sentiment. The U.S. stock market slowed down in April due to investors' concerns over tariffs; however, the market still shows strong interest in companies preparing for IPOs, especially new stocks. Pattern's timing for going public is just right, as it may be stimulated by the surge in stock prices of well-known companies like software design company Figma and stablecoin issuer Circle, which is expected to bring about a new wave of market activity.

Pattern indicates that the shares sold by existing shareholders will not bring profits to the company. Some shareholders will issue stocks at an issuance price between 13 to 15 USD per share, with the financing amount potentially reaching up to 321 million USD. The company's proposed valuation is higher than the 2 billion USD valuation achieved during the 2021 financing, when Pattern raised 225 million USD led by investment firm Knox Lane. Pure market observation, not any investment advice.

The global e-commerce sales market is bullish, driving the development of related industries.

Pattern has evolved from a company selling living room products to become one of Amazon's top global distributors. More than 90% of its 2024 revenue comes from consumer goods sales performance on the Amazon website. According to data from market research firm Statista, the global e-commerce market revenue is expected to reach approximately $8.3 trillion by 2025, and the number of users will reach 4 billion by 2030.

Introduction to Pattern Group Inc

Pattern Group Inc ( (Nasdaq symbol: PTRN) was founded in 2013 by David Wright and Melanie Alder, originally named iServe. It is an AI e-commerce accelerator company headquartered in Utah, with the mission of helping brands grow faster across hundreds of global e-commerce markets such as Amazon, Walmart, Target, eBay, TikTok Shop, and Mercado Libre.

According to the official website, Pattern utilizes proprietary technology and artificial intelligence to accelerate the growth of brands on global e-commerce platforms. Pattern has over 46 trillion data points, advanced machine learning, and artificial intelligence models that optimize and automate all aspects of global brand e-commerce growth, including advertising, content management, logistics and fulfillment, pricing, forecasting, and customer service. Hundreds of global brands rely on Pattern's e-commerce acceleration platform daily to drive profitable revenue growth across more than 60 global platforms.

Goldman Sachs and JPMorgan Chase are the lead underwriters for this issuance. According to the press release, Pattern will be listed on NASDAQ under the stock code “PTRN.” Pattern Group Inc. has applied for an IPO (, issuing 21,428,572 shares of Series A common stock, with an expected IPO price of $13 to $15 per share, and has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (referred to as “SEC”). This issuance includes 10,714,286 shares of Series A common stock issued by Pattern, as well as 10,714,286 shares of Series A common stock issued by existing shareholders (referred to as “selling shareholders”). Pattern will not receive any proceeds from the sale of shares by the selling shareholders. Additionally, some selling shareholders intend to grant the underwriters a 30-day option to purchase up to 3,214,285 shares of Pattern Series A common stock at the IPO price (less underwriting discounts and commissions).

This article introduces the US stock market IPO: AI e-commerce distribution company Pattern plans to go public, with a valuation of up to 2.64 billion dollars, first appearing in Chain News ABMedia.