Pattern Group Files for $400M IPO After 35% Revenue Surge

Pattern Group Inc., a Utah-based e-commerce accelerator specializing in reselling consumer products on marketplaces such as Amazon, Walmart, and TikTok Shop, has filed for a U.S. initial public offering aiming to raise approximately $400 million. The company reported a 35% revenue increase in the first half of 2025, reaching $1.14 billion with net income of $47 million, up from $841 million and $35 million respectively the previous year. Pattern leverages proprietary AI and machine learning technology to optimize thousands of daily sales transactions and enhance margins, distinguishing itself by purchasing inventory and accelerating brand growth globally. Founded in 2013 and formerly known as iServe, Pattern has evolved into one of the top Amazon resellers worldwide, with over 90% of its revenue generated from Amazon sales in 2024. The IPO, led by Goldman Sachs and J.P. Morgan, reflects strong investor confidence amid a broader resurgence in tech IPO activity in 2025, with proceeds expected to support global expansion and research and development. Pattern's pre-IPO valuation was previously estimated at $2 billion following a $225 million funding round in 2021.