E-commerce Firm Pattern to Price IPO at $14 Each, Mid-Range

Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc., and some of its investors raised $300 million in an initial public offering that priced in the middle of its marketed range.

The Lehi, Utah-based company and the selling shareholders sold 21.43 million shares at $14 each, according to a statement confirming a Bloomberg News report. Half of the shares were offered by Pattern, and the other half by its backers, based on the statement. The offering was marketed at $13 to $15 per share.