Pattern Group launches IPO roadshow targeting $13-15 per share price range

Pattern Group Inc. (NASDAQ: PTRN) has initiated the roadshow for its initial public offering, filing a registration statement with the Securities and Exchange Commission to offer 21,428,572 shares of Series A common stock to the public.

The offering comprises 10,714,286 shares from Pattern and an equal number from existing stockholders. Pattern will not receive proceeds from shares sold by existing stockholders. Certain selling stockholders plan to grant underwriters a 30-day option to purchase up to 3,214,285 additional shares at the IPO price, minus underwriting discounts and commissions.

The company has set an expected price range of $13.00 to $15.00 per share for the offering. Pattern has applied to list its Series A common stock on the Nasdaq Global Select Market under the ticker symbol "PTRN."

Goldman Sachs & Co. LLC and J.P. Morgan will serve as lead book-running managers for the proposed offering. Evercore ISI and Jefferies will act as joint book-running managers, while Baird, BMO Capital Markets, KeyBanc Capital Markets, Needham & Company, Stifel, and William Blair will serve as additional book-running managers.

Pattern operates as an ecommerce marketplace acceleration company that uses proprietary technology and artificial intelligence to help brands expand their online presence.

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