Dreamland Limited's Quiet Period Will Expire on September 1st (NASDAQ:TDIC)

Key Points

• Dreamland Limited's quiet period will end on September 1st, following their IPO where they issued 2,000,000 shares totaling $8,000,000.
• After the quiet period, underwriters are expected to begin research coverage on the company, which may provide investors with updated insights.
• Recently, Wall Street Zen downgraded Dreamland's stock rating from "hold" to "sell," indicating possible concerns about the company's performance.

Dreamland's (NASDAQ:TDIC - Get Free Report) quiet period is set to expire on Monday, September 1st. Dreamland had issued 2,000,000 shares in its 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 any underwriters involved in 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Dreamland from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Dreamland Stock Performance

TDIC remained flat at $3.80 during trading on Thursday. 16,590 shares of the company's stock were exchanged, compared to its average volume of 87,318. Dreamland has a 1 year low of $3.11 and a 1 year high of $6.10.

Dreamland Company Profile

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.