E-commerce firm Pattern valued at $2.4 billion as shares fall in Nasdaq debut

E-commerce firm Pattern Group launches its IPO at the Nasdaq market in New York City, U.S., September 19, 2025. REUTERS/Angelina Katsanis

(Reuters) -E-commerce accelerator Pattern Group on Friday notched a valuation of $2.38 billion as its shares fell 3.6% in their Nasdaq debut, bucking the recent trend of strong first-day IPO performances.

The Lehi, Utah-based company's stock opened at $13.50, compared with its offer price of $14.