Dreamland Limited Unveils Initial Public Offering Pricing

Dreamland Limited Launches Initial Public Offering

Dreamland Limited (the "Company" or "Dreamland"), an event management service provider based in Hong Kong, has announced the pricing for its initial public offering (IPO). This offering will consist of 2,000,000 Class A ordinary shares, with 1,340,000 shares being offered by the Company and 660,000 by an existing shareholder.

Pricing Details and Expectations

The Class A ordinary shares are set at a public offering price of US$4.00 per share. Concurrently, the Company is filing a resale prospectus which will allow for the resale of 5,416,740 Class A ordinary shares. These shares are held by various entities, including Prime Crest Holdings Limited and Fuji Holdings Limited.

Trading Information

Upon completion, the shares are expected to be listed on the Nasdaq Capital Market under the ticker symbol "TDIC." The anticipated gross proceeds from this initial offering are estimated to be around US$8,000,000, which will be before any underwriting discounts or related costs.

Funding Utilization and Future Plans

Dreamland plans to utilize the net proceeds from this offering for several strategic initiatives. The funds will support acquiring multi-territorial IP licenses, launching the Company’s own ticketing platform, and exploring strategic acquisitions to expand its market reach.

Enhancing Operational Capability

Additionally, the proceeds will be allocated towards enhancing the marketing department, revitalizing financial administration, and upgrading the enterprise resource planning (ERP) system. Some funds will also be directed towards repaying loans secured by directors to cover costs associated with the offering.

Closing and Underwriters

The offering is firmly committed, with Bancroft Capital, LLC acting as the lead underwriter. Nelson Mullins Riley & Scarborough LLP will provide U.S. legal counsel to the underwriters, facilitating a smooth process as they work on this significant milestone for the Company.

Regulatory Filing and Compliance

A registration statement relating to the offering was filed with the U.S. Securities and Exchange Commission (SEC) and has already been declared effective. Importantly, potential investors are encouraged to review the prospectus and other documentation filed with the SEC to get a comprehensive understanding of the Company and the terms of the offering.

Contact and Additional Information

For inquiries related to the offering, interested parties can reach out via email to Ms. Seto Wai Yue at Dreamland Limited. She is available to provide further information and address any questions related to the opportunity at hand.

About Dreamland Limited

Established as a key player in the event management sector, Dreamland Limited specializes in organizing and managing themed events for intellectual property owners, particularly in animated and theatrical productions. Their expertise positions them favorably within an industry ripe for innovation and growth.

Frequently Asked Questions

What is Dreamland Limited's IPO pricing?

The initial public offering is priced at US$4.00 per Class A ordinary share.

How many shares are being offered?

A total of 2,000,000 Class A ordinary shares will be offered, with a portion coming from an existing shareholder.

What are the intended uses of the IPO proceeds?

The proceeds will be used for acquiring IP licenses, setting up a ticketing platform, strategic acquisitions, and enhancing operational capabilities.

When will trading begin on Nasdaq?

Trading is expected to commence shortly after the offering closes, under the ticker symbol "TDIC."

How can I get more information about the offering?

For more details, potential investors are encouraged to contact Dreamland Limited directly or review the SEC filings when available.

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