Reported about 4 hours ago
E-commerce firm Pattern and its shareholders successfully raised $300 million in its U.S. initial public offering, achieving a valuation of $2.5 billion. The company's shares were priced within the expected range set in its prospectus. Founded in 2013 as iServe, Pattern aids brands in expanding their reach across major online marketplaces. The IPO reflects a rebounding U.S. equity market, with strong investor interest evident in recent offerings.
Source: YAHOO