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The company operates through e-commerce and wholesale channels as it currently does not have any physical stores. However, expansion plans include opening directly operated stores in strategically chosen cities and pop-up shops in ski resorts.
Perfect Moment reported $24 million in sales for the year ending June 2023. The IPO will see the company offloading 2.5 million shares at a projected range of $6-$7. Calculated at this range’s midpoint, the company foresees net proceeds of $14.2 million from the IPO.
The brand intends to list on the Nasdaq under the symbol PMNT. ThinkEquity and Laidlaw & Company have been named as joint bookrunners for the IPO. The announcement was made by Ben Glickman, who did not provide further details about the timeline for the listing.
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