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Hong Kong-based event management company Dreamland Limited (TDIC) completed its initial public offering of 2 million Class A ordinary shares at $4.00 per share. The company began trading on the Nasdaq Capital Market on July 23, 2025.
Dreamland sold 1.34 million shares while an existing shareholder sold 660,000 shares in the offering. The company received gross proceeds of $5.36 million before underwriting discounts and expenses, according to a press release statement.
The company filed a concurrent resale prospectus for 5.42 million Class A ordinary shares held by four entities: Prime Crest Holdings Limited, Fuji Holdings Limited, Yield Rights Group Limited and Allied Target Limited. Dreamland did not receive proceeds from shares sold by the selling or resale shareholders.
Dreamland plans to use net proceeds for acquiring multi-territorial intellectual property licenses, establishing its own ticketing platform, potential strategic acquisitions, expanding marketing and administration departments, upgrading its enterprise resource planning system, repaying director loans related to listing costs, and general corporate purposes.
Bancroft Capital, LLC served as sole managing underwriter for the firm commitment offering. The Securities and Exchange Commission declared the registration statement effective on June 30, 2025.
Dreamland specializes in organizing themed touring walk-through experience events for intellectual property owners of animated cartoon and live action movie characters. The company provides event planning, promotion and management services in Hong Kong and overseas markets.