Pitanium Limited’s Quiet Period Set To Expire on July 9th (NASDAQ:PTNM)

Pitanium’s (NASDAQ:PTNM) quiet period is set to expire on Wednesday, July 9th. Pitanium had issued 1,750,000 shares in its IPO on May 30th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Pitanium to a “hold” rating in a research report on Saturday, June 14th.

Pitanium Trading Up 18.7%

Shares of PTNM stock opened at $8.68 on Wednesday. Pitanium has a 52 week low of $3.52 and a 52 week high of $8.68.

About Pitanium

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong’s premier shopping destinations. This positioning not only enhances the brand’s visibility but also aligns it with the discerning tastes of its target demographic.