Pitanium Limited Announces IPO Price
HONG KONG, May 30, 2025 — Pitanium Limited (“Pitanium” or the “Company”), a retailer specializing in its own brand of beauty and personal care products, announced the pricing of its initial public offering today. The offering consists of 1,750,000 Class A ordinary shares (the “Class A Ordinary Shares”) priced at $4.00 per share (the “Offering”).
Cathay Securities, Inc. served as the sole underwriter for the Offering (the “Underwriter”). The Company has granted the Underwriter an option, exercisable for 45 days, to purchase up to 262,500 additional Class A Ordinary Shares at US$4.00 per share (the “Over-allotment”), less underwriting commissions.
The Class A Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading on May 30, 2025, under the ticker symbol “PTNM.” The Offering is anticipated to close around June 2, 2025, contingent upon standard closing conditions.
The net proceeds from the Offering will be allocated as follows: (i) to improve customer experience via the launch of a mobile application; (ii) to create a new product line specifically for home treatments; (iii) to broaden the Company’s product range and investigate new suppliers; (iv) to further refine the Company’s marketing strategies; and (v) for working capital and general corporate purposes.
Loeb Smith Attorneys, Loeb & Loeb LLP, TC & CO., and Tian Yuan Law Firm served as legal counsel to the Company for British Virgin Islands, U.S., Hong Kong, and PRC law, respectively. VCL Law LLP served as U.S. securities counsel for the Underwriter concerning the Offering.
The Offering was executed in accordance with the Company’s Registration Statement on Form F-1 (File No. 333-284998), which was previously filed with the U.S. Securities and Exchange Commission (“SEC”) and declared effective on May 29, 2025. The Offering was made through a prospectus. Free copies of the prospectus are accessible via EDGAR on the SEC’s website at . Alternatively, copies of the final prospectus regarding the Offering can be obtained, when available, from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by calling +1 (855) 939-3888.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Furthermore, no sale of these securities shall occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
About Pitanium Limited (“Pitanium”)
Pitanium Limited, a British Virgin Islands-incorporated company, is a Hong Kong-based retailer specializing in the sale of its proprietary beauty and personal care brand products, namely PITANIUM and BIG PI online. It also derives revenue from offline sales at six retail locations in Hong Kong’s primary shopping areas. The Company places a strong emphasis on product design and development, with an internal product development team working closely with its original equipment manufacturing (“OEM”) and original design manufacturing (“ODM”) suppliers. It actively expands its product line to stay ahead of market trends and demonstrate its ability to meet the changing demands of its customers. Additional information can be found on the Company’s website: .
Forward-Looking Statements
This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that do not solely relate to historical facts. The use of terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not exclusively pertain to historical matters indicates forward-looking statements. These statements include, without limitation, statements about the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may materially differ from the Company’s expectations discussed in these forward-looking statements due to uncertainties related to market conditions, the completion of the initial public offering on the anticipated terms or at all, and other factors detailed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are advised not to unduly rely on any forward-looking statements in this press release. Additional factors are detailed in the Company’s filings with the SEC, available for review at www.sec.gov. The Company does not undertake to revise these forward-looking statements to reflect events or circumstances after the date of this release.
For more information, please contact:
Pitanium Limited
Investor Relations Department
Phone: +852 6297 5255
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email:
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