IPO · PTRN
Pattern Group Inc.
Formerly Covalent Group, Inc.
Pattern Group Inc. (PTRN) priced its initial public offering on Sep 19, 2025 at $14.00 per share, within its $13.00–$15.00 range, raising $300M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.46B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Evercore ISI and Jefferies and others. Goodwin Procter advised the company and Latham & Watkins advised the underwriters.
Pattern Group Inc. helps brands grow sales on global ecommerce marketplaces. Its proprietary technology and on-demand experts operate across more than 60 marketplaces in over 100 countries, using machine learning to optimize advertising, content, pricing, forecasting and customer service.
- Status
- IPO
- Ticker
- PTRN
- Exchange
- Nasdaq Global Select
- Priced
- Sep 19, 2025
- IPO price
- $14.00
- Price range
- $13.00–$15.00
- Raised
- $300M
- Market cap at IPO price
- $2.46B
- First filed
- Aug 22, 2025
- Underwriters
- Goldman Sachs, J.P. Morgan, Evercore ISI, Jefferies, Baird, BMO Capital Markets, KeyBanc, Needham, Stifel and William Blair
- Company counsel
- Goodwin Procter
- Underwriters' counsel
- Latham & Watkins
- Sector
- Consumer
- Country / state
- UT
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
- Analyst notes on the filing
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Filings
- Registration statement (S-1) first filed Aug 22, 2025
- Latest amendment Sep 18, 2025
- Final prospectus (424B4) Sep 19, 2025
- All filings on EDGAR CIK 1811935
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