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An announcement from Pitanium Limited Class A ( (PTNM) ) is now available.
Pitanium Limited successfully closed its initial public offering (IPO) on June 2, 2025, after pricing 1,750,000 Class A ordinary shares at $4.00 each. The shares began trading on the Nasdaq Capital Market under the ticker symbol ‘PTNM’ on May 30, 2025. The IPO, underwritten by Cathay Securities, Inc., included a partial exercise of the over-allotment option for an additional 172,500 shares. Proceeds from the offering are earmarked for enhancing customer experience, developing new product lines, expanding the product portfolio, and other corporate purposes. This move is expected to strengthen Pitanium’s market position and support its growth strategies in the beauty and personal care industry.
More about Pitanium Limited Class A
Pitanium Limited, incorporated in the British Virgin Islands, is a Hong Kong-based retailer specializing in beauty and personal care products under its proprietary brands, PITANIUM and BIG PI. The company operates both online and offline, with six retail stores in Hong Kong’s major shopping areas, focusing on product design and development through collaboration with OEM and ODM suppliers.
For a thorough assessment of PTNM stock, go to TipRanks’ Stock Analysis page.