Sign Up

Dreamland Limited Announces Pricing of Initial Public Offering

HONG KONG, July 22, 2025 (GLOBE NEWSWIRE) -- Dreamland Limited (the "Company" or "Dreamland"), a Hong Kong-based event management service provider, today announced the pricing of its initial public offering (the "Offering") of 2,000,000 Class A ordinary shares, 1,340,000 of which are being offered by the Company and 660,000 by an existing shareholder (the "Selling Shareholder"), at a public offering price of US$4.00 per Class A ordinary share. The Company is also filing a resale prospectus concurrent with the Offering for the resale of 5,416,740 Class A ordinary shares held by Prime Crest Holdings Limited, Fuji Holdings Limited, Yield Rights Group Limited and Allied Target Limited (the "Resale Shareholders"). The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 23, 2025 under the ticker symbol "TDIC."

The Company expects to receive aggregate gross proceeds of US$8,000,000 from the Offering, before deducting underwriting discounts and other related expenses. The Company will not receive any proceeds from the sale of Class A ordinary shares offered by the Selling Shareholder or Resale Shareholders in the Offering. The Offering is expected to close on or about July 24, 2025, subject to the satisfaction of customary closing conditions.

Net proceeds from the Offering due to the Company will be used for: (i) acquiring multi-territorial IP licenses; (ii) setting up the Company's own ticketing platform; (iii) possible strategic acquisitions; (iv) expanding the Company's marketing department and financing and administration department; (v) upgrading the Company's enterprise resource planning system; (vi) repaying loans made by a ...