Pattern Group Inc. · NASDAQ Global Select · priced Sep 19, 2025 · $300M raised · Over $250M
Price since listing
- Hype
- Distribution
- Lock-up window
- Valley
- Accumulation
- Recovery
Volume bars are coloured by lifecycle phase. Markers: lock-up and early release (orange), earnings releases (E), follow-on offerings (F), research signals (rule id and signal; arrow up = buy signal, arrow down = sell or short signal, or sell signal for deals under $50M). Current phase: Valley.
Performance since the IPO
- PTRN
- S&P 500 (SPY)
- Typical IPO over $250m
- Middle 50% of those IPOs
PTRN measured from its offer price; S&P 500 from the first trading day. The typical-IPO line is the median of 340 over $250m IPOs from 2014–2025, by trading day.
Company
Pattern Group Inc. operates as an e-commerce accelerator that combines proprietary technology and on-demand expertise to support consumer brands operating across e-commerce marketplaces in the United States and internationally. The company acquires inventory from brand partners to sell to consumers in various industries, including health and wellness; beauty and personal care; home and lifestyle; pet; sports and outd…
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Country
- United States
- Employees
- 2,300
- Market cap
- $2.9B
- Website
- www.pattern.com
From the prospectus
- Lock-up
- 180 days
- Early release on earnings
- Yes
- Price-based early release
- at 125% of offer
- Staggered release
- No
- Float sold in IPO
- 12%
- Locked shares per share sold
- 7.2×
- Backed by
- Founder or family
- Lead underwriters
- Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC
- Dual-class shares
- Yes
- Controlled company
- Yes
- Foreign private issuer
- No
Early-release terms: The main lock-up ends on the earlier of (i) the opening of trading on the second business day after the public release of earnings for the second quarter following the most recent period with financial statements in the prospectus and (ii) 180 days after the prospectus date. Separately, about 1,555,595 shares held by current employees and service providers (excluding executive officers and directors) may be sold from the opening of trading on the second trading day after the earnings release for the first quarter following that period, if the price condition is met.
Extracted from the final prospectus on SEC EDGAR.
Returns vs offer, compared with 135 IPOs over $250m
| Horizon | PTRN | Peer median | Peers below offer |
|---|---|---|---|
| Day 1 | +11.6% | +12.8% | 24% n=135 |
| Day 20 | -1.4% | +11.6% | 30% n=133 |
| Day 60 | -9.1% | +6.3% | 47% n=129 |
| Day 120 | -14.7% | -4.6% | 54% n=106 |
| Day 180 | +41.1% | -4.1% | 52% n=89 |
Research signals
- Sell or shortRule O1: sell or short signal for 60 sessionsFeb 18, 2026 · Lock-up overhangPast signals (191, deals of $50M and over): fell 69% · median -13.4% · rallied 25%+ during the hold 28%backtest
Short-selling risk: losses on a short position have no limit and can exceed the amount put up; brokers can demand more margin, recall borrowed shares or close the position; borrow fees and any dividends are owed while short and are not in the figures shown; recent IPOs are often hard to borrow and prone to squeezes.
- BuyRule T1: buy signal for 60 sessionsFeb 18, 2026 · Pre-unlock qualityPast signals (642, deals of $50M and over): rose 47% · median -2.6% · dropped 25%+ during the hold 35%backtest
Buy signals passed on returns relative to IPOs of the same year, size and age, most of which fall after listing. A buy signal can beat its peers and still lose money.
Rules frozen as v1; signals dated from Oct 29, 2026 are live, earlier ones show what the frozen rules would have flagged. See methodology.
The rules run independently, so one IPO can carry buy and sell signals at the same time; each label reports only its own rule's history.
Past figures cover all 4,312 signals the published frozen v1 rules produce on 2014–2025 IPOs, close to close over each signal's holding period. Returns start at the close of the signal session; signals are published after that close, so the first price available to a reader is the next session's. Only 1,192 of 2,368 operating-company IPOs from those years have usable Yahoo Finance price data; most of the rest no longer trade under their IPO ticker (delisted, acquired or renamed), so the figures probably understate declines. These are hypothetical results, not trades: the rules were selected on these same years with the benefit of hindsight, so the figures likely overstate what live signals will do. The live track record is the real test. Trading costs and borrow fees are not included. Past results do not predict future results.
Research signals only, not investment advice. Lock-up terms come from prospectuses; prices from Yahoo Finance and may be delayed or wrong.