Dreamscapes Network’s Crazy Domains IPO Goes Live on Equitise. Next Stop, ASX

mark-evansFounded in 2000 and helmed by CEO and Executive Director Mark Evans, Dreamscape Networks has grown organically and without external funding to be the leading .au domain brand in Australia, and as of this past June, holds a 30% market share for .au domains with 34% market share of all new .au domain registrations.

The company, which holds a “cleansed” member data base of approximately 1.5 million, has become a leading provider of online and cloud-based solutions designed to help small-and medium-sized businesses establish, manage and grow their businesses. Dreamscape Networks (serves approximately 509,000 active members globally with a comprehensive suite of products and services that includes finding and securing a domain name or web address (through Crazy Domains), initial website design, build and hosting, email and e-commerce solutions well as offering web and email security, data storage, online marketing, SEO and personal and business productivity solutions.

 

New ZealandOn 11 November, Equitise will host the company’s fixed price IPO.  Equitise is shaking up the market again, allowing New Zealand both large and small retail investors to directly subscribe for shares in Crazy Domains, which is forecast to list on the ASX in December.

The size of the offer is NZ$26.5 million (approx. US$19.5M). At NZ$0.265 per share, the minimum bid is NZ$2,120 and the maximum bid is NZ$2,650. According to Equitise, this is a fully underwritten initial public offer of 100 million fully paid ordinary shares (Shares) at an issue price of A$0.25 each to raise A$25 million for Dreamscape Networks Limited (Offer). The lead manager and underwriter to the offer is Canaccord Genuity (Australia) Limited. The “indicative” listing date for the offering is on 2 December.  For more detailed financial and campaign information, please click here.

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