E-commerce firm Pattern, shareholders raise $300 million in US IPO

Pattern and its existing shareholders raised $300 million in its U.S. initial public offering on Thursday, after the e-commerce firm priced its shares within the marketed range.

This would give the Lehi, Utah-based company a valuation of $2.5 billion. The company had intended to price its IPO between $13 and $15, according to its prospectus.