Hong Kong–based beauty retailer Pitanium Limited listed on Nasdaq with a $7 million IPO.WHO: Founded in 2013, Pitanium Limited is a retailer in Hong Kong focusing on the sale of its proprietary beauty brands Pitanium, launched in 2019, and Big Pi, launched in 2023. It generates revenue online and from offline sales at six retail stores situated in Hong Kong's premier shopping destinations. Initially, the brand provided customized solutions to Hong Kong spas and later expanded to retail customers.WHY: Proceeds from the offering will be used to enhance the customer experience by launching a mobile application, developing a new line of products for home treatment, expanding the product portfolio, exploring new suppliers, and refining marketing strategies.DETAILS:Pitanium Limited closed its IPO on June 2, 2025, pricing shares at $4.00, raising $7 million, and trading on the Nasdaq under the ticker (PTNM).In FY2024, Pitanium generated $9.6 million in revenue with $1.7 million in EBITDA.Cathay Securities, Inc. acted as the sole underwriter for the offering.Loeb Smith Attorneys, Loeb & Loeb LLP, TC & CO., and Tian Yuan Law Firm acted as British Virgin Islands legal counsel, U.S. legal counsel, Hong Kong legal counsel, and PRC legal counsel to the company, respectively. VCL Law LLP acted as U.S. securities counsel for the underwriter in connection to the offering.