Perfect Moment, a luxury lifestyle brand focused on ski apparel and other sportswear, announced the terms of its initial public offering (IPO) on Thursday.
The Zhitong Finance App learned that Perfect Moment (PMNT.US), a luxury lifestyle brand focusing on ski clothing and other sportswear, announced the terms of its initial public offering (IPO) on Thursday, and plans to issue 1.3 million shares at a price of 6 US dollars and raise 8 million US dollars. According to information, this pricing is at the lower end of the price range of 6 to 7 US dollars, and the company issued 100,000 more shares than expected. The stock will be listed on the NYSE tonight.
Inspired by extreme sports filmmaker and professional snowboarder Thierry Donard, Perfect Moment is dedicated to creating luxury ski jackets and accessories (gloves, headwear, necklaces) that are both stylish and practical. In 2016, the company also began offering swimwear and sportswear.
Currently, Perfect Moment does not have physical retail stores. Its series of products are sold directly to consumers through e-commerce, as well as through wholesale channels. Perfect Moment plans to expand its business by opening direct stores in carefully selected major cities and temporary stores at ski resorts.
ThinkEquity and LaidLaw & Company (UK) acted as joint bookkeepers for the deal.