Dreamland Limited's (NASDAQ:TDIC) Quiet Period To End on September 1st
Dreamland Limited's (NASDAQ:TDIC) quiet period will end on September 1st, following its IPO on July 23rd, where it issued 2,000,000 shares for $8,000,000 at $4.00 per share. During the quiet period, insiders and underwriters were restricted from issuing research reports. After the quiet period, brokerages are expected to initiate research coverage. Recently, Wall Street Zen downgraded Dreamland from a "hold" to a "sell" rating. Currently, shares are trading at $3.95, with a 52-week range of $3.11 to $6.10.
Dreamland's (NASDAQ:TDIC - Get Free Report) quiet period will expire on Monday, September 1st. Dreamland had issued 2,000,000 shares in its initial public offering on July 23rd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company's quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Dreamland from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.
Read Our Latest Stock Report on TDIC
Dreamland Trading Down 0.5%
Shares of NASDAQ TDIC opened at $3.95 on Monday. Dreamland has a 52-week low of $3.11 and a 52-week high of $6.10.
Dreamland Company Profile
(Get Free Report)We are an event management service provider based in Hong Kong with over eight years of experience in managing the entire or part of the event lifecycle for our customers. Events encompass a range of public and private events, from trade shows, conferences, concerts, exhibitions, charity galas, brand promotion events to internal corporate events.
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