Pitanium Limited Completes Successful IPO to Enhance Growth
Pitanium Limited Completes Initial Public Offering
HONG KONG - Pitanium Limited (NASDAQ: PTNM), a prominent player in the beauty and personal care industry, has completed its initial public offering (IPO) of 1,750,000 Class A ordinary shares at a price of $4.00 per share. This significant milestone reflects the Company's commitment to advancing its presence while continuing to deliver high-quality products to its customers.
Offering Highlights and Underwriter Role
Cathay Securities, Inc. served as the sole underwriter for this offering, demonstrating a strong partnership that aims to support Pitanium’s ambitious growth trajectory. The underwriter has also received a 45-day option to acquire up to an additional 262,500 shares at the same price, allowing for potential growth in line with market demand.
Trading Begins on Nasdaq
As of May 30, 2025, Pitanium's Class A Ordinary Shares are officially trading on the Nasdaq Capital Market under the ticker symbol "PTNM." This entry into the public market marks a pivotal moment, promising enhanced visibility and growth opportunities for the company.
Funds Allocation for Future Growth
The proceeds from the IPO are earmarked for various strategic initiatives. These include the launch of a mobile application designed to enrich customer experience, developing a new line of home treatment products, and an expansion of the product portfolio by exploring relationships with new suppliers. The focus will also be on enhancing marketing strategies and ensuring robust working capital to support overall operations.
Legal Counsel and Compliance
Pitanium Limited has engaged several prestigious law firms to navigate the complex legal landscape of this IPO. Loeb Smith Attorneys, Loeb & Loeb LLP, along with TC & CO., and Tian Yuan Law Firm provided respective legal counsel for various jurisdictions to ensure compliance and facilitate the offering's success. Additionally, VCL Law LLP acted as U.S. securities counsel for the underwriter.
About Pitanium Limited
Pitanium Limited, incorporated in the British Virgin Islands, focuses on retailing its proprietary beauty and personal care products across Hong Kong. The Company operates online, marketing its products under the PITANIUM and BIG PI brands, while also maintaining six brick-and-mortar stores in key shopping areas. With an emphasis on design and development, Pitanium works closely with its OEM and ODM suppliers to innovate continually and respond to market trends, ensuring that customer needs are met effectively.
Customer Engagement and Future Plans
Going forward, the Company plans to enhance customer engagement through innovative digital platforms and expand its retail footprint. By focusing on proactive product development and competitive marketing, Pitanium aims to capture a larger market share in the evolving beauty industry.
Contact Information
Pitanium Limited
Investor Relations Department
Phone: +852 6297 5255
Email: US@pitanium.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
Frequently Asked Questions
What shares were offered in Pitanium's IPO?
Pitanium's IPO included 1,750,000 Class A ordinary shares priced at $4.00 per share.
Who was the underwriter for the offering?
Cathay Securities, Inc. acted as the sole underwriter for the IPO.
What is the ticker symbol for Pitanium?
The shares are trading under the ticker symbol "PTNM" on the Nasdaq Capital Market.
How will the funds from the IPO be used?
Funds will be used for customer experience enhancements, product development, and marketing strategies.
Where is Pitanium Limited incorporated?
Pitanium Limited is incorporated in the British Virgin Islands and operates primarily in Hong Kong.
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