Loeb Represents Pitanium Limited in Initial Public Offering

Loeb & Loeb represented Pitanium Limited, a Hong Kong-based beauty products retailer focusing on beauty and personal care products, in its initial public offering of a total of 1,922,500 shares (inclusive of a partial overallotment of 172,500 shares), excluding any shares that may be further issued pursuant to the exercise of the underwriter's over-allotment option, at a price of $4.00 per share on the Nasdaq Capital Market.

The company’s units began trading under the ticker “PTNM” on May 30, 2025, and closed on June 2, 2025. The initial public offering closed 166 days after the company’s first confidential filing, making it the fastest IPO timeline for a Hong Kong-based company in the past three years.

Proceeds from the offering will be used for enhancing customer experience through launching a mobile application; developing a new line of products solely for home treatment; expanding Pitanium’s product portfolio and exploring new suppliers; further enhancing the company’s marketing strategies; and working capital and other general corporate purposes.

The Loeb team was led by Henry Yin, chair of the firm’s Asia M&A and Technology Transactions practice, and included Capital Markets partner Andrei Sirabionian, and associate Norly Jean-Charles; Tax partner Shahrooz Shahnavaz; and Corporate associates Shaun Tho and Simoné Hovsepian.

For more information, please see Pitanium’s press release.