Hong Kong event management service provider TDIC (TDIC.US) applies for an IPO in the United States, intending to raise $9 million.

Hong Kong-based event management service provider Dreamland submitted an IPO application to the US Securities and Exchange Commission on Friday, planning to raise up to $9 million. The company plans to issue 2 million shares of stock at a price of $4 to $5 per share (with 33% being new shares issued), raising $9 million. Based on the midpoint of the proposed price range, Dreamland's market value will reach $140 million. Dreamland provides event management services for a range of public and private events in Hong Kong, from trade shows, conferences, concerts to corporate events. The company specializes in assisting event organizers in organizing, planning, promoting, and managing theme tours featuring characters from popular animated and/or live-action films. Established in 2016, the company had revenues of $6 million for the twelve months ending September 30, 2024. Dreamland plans to list on the Nasdaq under the stock symbol TDIC. The company secretly submitted the application on October 18, 2024. Bancroft Capital is the sole book-running manager for the transaction.