Pattern Group (PTRN) Registration Filing summary

Offering details and pricing

• The IPO consists of 21,428,572 shares of Series A common stock, split equally between the company and selling stockholders, with an initial price range of $13.00–$15.00 per share.

• The company expects to raise approximately $134.9 million in net proceeds, assuming a $14.00 per share price, after underwriting discounts and expenses.

• Shares will be listed on the Nasdaq Global Select Market under the symbol “PTRN.”

• The underwriters have a 30-day option to purchase up to 3,214,285 additional shares from the co-founder trusts.

• Up to 1,071,428 shares (5% of the offering) are reserved for a directed share program for employees.

Company overview and business model

• Operates a proprietary technology platform and on-demand expert network to accelerate brand growth on over 60 global ecommerce marketplaces.

• Monetizes by purchasing products from brand partners and selling directly to consumers, controlling content, pricing, logistics, and customer service.

• Leverages over 46 trillion data points and AI/ML to optimize advertising, content, pricing, forecasting, and customer service.

• Sells tens of thousands of products from more than 200 brands across health, beauty, home, pet, sports, and electronics categories.

Financial performance and metrics

• 2024 revenue: $1,796 million, representing a 35% CAGR over two years.

• 2024 net income: $67.9 million, up from a $3 million loss two years prior.

• 2024 Adjusted EBITDA: $101 million, 138% CAGR over two years.

• For the six months ended June 30, 2025: revenue $1,139 million (+35% YoY), net income $47 million (+31% YoY), Adjusted EBITDA $69 million (+33% YoY).

• Net Revenue Retention Rate (NRR) for 2024: 116%.

• 87% of 2024 revenue from brand partners with >12 months tenure; 48% from partners with >5 years.