Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Perfect Moment Ltd., a U.K.-based maker of luxury skiwear, outerwear and swimwear, filed for an initial public offering early Tuesday, with plans to list on Nasdaq under the ticker “PMNT.” The company has not disclosed terms yet but the deal will be underwritten by ThinkEquity and Laidlaw & Co. Ltd. Proceeds will be used for general corporate purposes, working capital, sales and marketing and admin matters. The company had a net loss of $2.
7 million in the six months ended June 30, narrower than the loss of $6.7 million posted in the year-earlier period. Revenue rose to $988,000 from $769,000 a year ago. “We create apparel and products that feature what we believe is an unmatched combination of fashion, form, function and fun for women, men and children.,’ the company says in its filing documents. The Renaissance IPO ETF IPO has gained 28% in the year to date, while the S&P 500 SPX has gained 13%.
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