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After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public

The skiwear brand staged a small IPO on Thursday to fund its growth plans, after struggling to line up investors in the private market.
Perfect Moment's small-cap IPO signals the ongoing fundraising struggles for unprofitable start-ups.
Models pose in a Perfect Moment ad campaign. (Perfect Moment)

When Perfect Moment sought a fresh round of capital last year, it found investors were excited about the brand, but were reluctant to write the small and unprofitable company a cheque.

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Further Reading

DTC Brands See a Long-Delayed Path to Exit in 2024

While the DTC landscape’s turbulence isn’t completely over for brands, the prospect of a better economy in 2024 is encouraging profitable brands that shied away from M&A last year to start preparing for an exit.

About the author
Malique Morris
Malique Morris

Malique Morris is Senior E-Commerce Correspondent at The Business of Fashion. He is based in New York and covers digital-native brands and shifts in the online shopping industry.

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