Dreamland Limited Announces Closing of Initial Public Offering

Rhea-AI Summary

Dreamland Limited (Nasdaq: TDIC), a Hong Kong-based event management service provider, has successfully completed its Initial Public Offering (IPO). The company offered 2,000,000 Class A ordinary shares, with 1,340,000 shares from the company and 660,000 from an existing shareholder, at $4.00 per share.

The IPO generated gross proceeds of $5.36 million for Dreamland, before deducting expenses. The funds will be utilized for acquiring IP licenses, developing a ticketing platform, potential strategic acquisitions, department expansion, system upgrades, and working capital. Trading began on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol "TDIC".

Positive

• Successfully raised $5.36 million in gross proceeds from the IPO
• Achieved listing on Nasdaq Capital Market, providing access to U.S. capital markets
• Clear allocation plan for proceeds including strategic growth initiatives
• Strong institutional support with Bancroft Capital as underwriter

Negative

• Relatively small IPO size of only $5.36 million may limit growth potential
• Significant portion of shares (5,416,740) available for resale could pressure stock price
• Company has existing director loans that need repayment from IPO proceeds

Insights

IPO Financial Analyst

Dreamland's modest $5.36M IPO indicates small-cap market entry with capital targeted for IP expansion and infrastructure development.

Dreamland Limited has completed its IPO on the Nasdaq Capital Market, raising $5.36 million in gross proceeds by offering 1.34 million Class A ordinary shares at $4.00 per share. This represents a relatively small public offering compared to typical Nasdaq IPOs, suggesting a modest market entry strategy. The Hong Kong-based event management company will trade under ticker TDIC.

The capital structure reveals interesting dynamics: an existing shareholder sold 660,000 shares alongside the company's offering, while a resale prospectus covers an additional 5.4+ million shares held by institutional investors. This secondary selling pressure could potentially impact post-IPO share stability.

The company's capital allocation strategy focuses on growth initiatives: acquiring multi-territorial IP licenses, developing a proprietary ticketing platform, and potential strategic acquisitions. A portion will also strengthen operational infrastructure through marketing expansion and ERP system upgrades. Notably, some proceeds will repay director loans used to fund the IPO process itself.

The IPO's firm commitment underwriting structure, led by Bancroft Capital as sole manager, provides greater certainty compared to best-efforts offerings. While the modest raise limits Dreamland's immediate expansion capabilities, it establishes public market access that could facilitate future capital raises if the company demonstrates execution on its growth initiatives.

HONG KONG, July 24, 2025 (GLOBE NEWSWIRE) -- Dreamland Limited (Nasdaq: TDIC) (the “Company” or “Dreamland”), a Hong Kong-based event management service provider, today announced the closing of its initial public offering (the “Offering”) of 2,000,000 Class A ordinary shares, 1,340,000 of which were 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 also filed 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 began trading on the Nasdaq Capital Market on July 23, 2025 under the ticker symbol “TDIC.”

The Company received aggregate gross proceeds of US$5,360,000 from the Offering, before deducting underwriting discounts and other related expenses. The Company did not receive any proceeds from the sale of Class A ordinary shares offered by the Selling Shareholder or the Resale Shareholders in the Offering.

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 director in connection with the payment of costs and expenses in connection with the Offering and obtaining a listing of the Company’s Class A ordinary shares on the Nasdaq Capital Market; and (vii) working capital and other general corporate purposes.

The Offering was conducted on a firm commitment basis. Bancroft Capital, LLC acted as the sole managing underwriter for the Offering (the “Underwriter”). Nelson Mullins Riley & Scarborough LLP acted as U.S. counsel to the Underwriter, led by W. David Mannheim, Kathryn Simons and Ashley Wu, in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File No.: 333-286471), as amended, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Bancroft Capital, LLC by email at investmentbanking@bancroft4vets.com, by standard mail to 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, or by telephone at +1 (484) 546-8000. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Dreamland Limited

Dreamland Limited is a Hong Kong-based event management service provider. The Company specializes 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’s mission is to help customers organize, plan, promote and manage events to effectively connect with their target audiences, both in Hong Kong and in overseas markets. For more information, please visit the Company’s website: http://www.trendicint.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “would”, “may”. “could”, “will”, “aim” and “anticipate” or other similar expressions in the prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

Dreamland Limited
Ms. Seto Wai Yue
Email: frances.seto@trendicint.com

FAQ

What is the IPO price of Dreamland Limited (TDIC) stock?

Dreamland Limited's IPO price was set at $4.00 per Class A ordinary share.

How many shares did Dreamland Limited (TDIC) offer in its IPO?

Dreamland offered a total of 2,000,000 Class A ordinary shares, with 1,340,000 shares from the company and 660,000 from an existing shareholder.

How much money did Dreamland Limited (TDIC) raise in its IPO?

Dreamland raised $5.36 million in gross proceeds before deducting underwriting discounts and other related expenses.

What will Dreamland Limited (TDIC) use its IPO proceeds for?

The proceeds will be used for acquiring IP licenses, developing a ticketing platform, potential acquisitions, department expansion, system upgrades, loan repayment, and working capital.

When did Dreamland Limited (TDIC) start trading on Nasdaq?

Dreamland Limited began trading on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol 'TDIC'.