Pitanium (PTNM.US), a Hong Kong-based beauty products retailer, has filed to go public in the US, seeking to raise $8 million.
Pitanium, a Hong Kong-based beauty products and consumer goods retailer, filed a preliminary prospectus with the U.S. Securities and Exchange Commission on Friday to go public. The company plans to issue 1.8 million shares at a price of $4 to $5 each, raising $8 million. At the midpoint of the proposed price range, Pitanium would be valued at $102 million.
The company sells skincare, personal care, and hair care products under the PITANIUM and BIG PI brands. It sells products through six retail stores in Hong Kong and online.
Pitanium was founded in 2013 and had sales of $10 million in the 12 months ended September 30, 2024. The company plans to list on the Nasdaq under the ticker "PTNM." It filed confidentially on December 16, 2024. Guotai Securities is the sole bookrunner for the deal.
Global insights driving the market strategies of tomorrow.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.



Comments
No comments yet