Dreamland, a Hong Kong-based provider of event management services, filed on Friday with the SEC to raise up to $9 million in an initial public offering.
The company plans to raise $9 million by offering 2 million shares (33% secondary) at a price range of $4 to $5. At the midpoint of the proposed range, Dreamland would command a market value of $140 million.
Dreamland provides event management services in Hong Kong for a range of public and private events, from trade shows, conferences, and concerts, to internal corporate events. The company specializes in assisting event organizers in organizing, planning, promoting, and managing themed touring walk-through experience events for intellectual property owners of characters in well-publicized animated cartoons and/or live action theatrical motion pictures.
Dreamland was founded in 2016 and booked $6 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol TDIC. The company filed confidentially on October 18, 2024. Bancroft Capital is the sole bookrunner on the deal.
