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Microcap IPOs Off to a Slow Start in February

January 29, 2024

The microcap IPO flow remains slow as we move into February, with just one company on the calendar this week.

The company is a luxury lifestyle brand focused on activewear and ski apparel inspired by the designs of professional skier and extreme sports filmmaker Thierry Donald.

Perfect Moment (PMNT) had an estimated IPO date of Jan. 15, seeking to raise about $16 million at a $108 million market cap. Lowering its sights, now the company has an estimated IPO date of Feb. 2, aiming to raise around $8 million at around a $99 million market cap.

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