Australian domain registration and hosting company Dreamscape Networks has announced that it is ready to go public. The company which also owns the CrazyDomains brand has started a process for its initial public offering.
The Australian Financial Review reports that Dreamscape plans to begin trading on the Australian Securities Exchange on November 29, 2016. The company is raising $25 million out of which $10 million will go to existing management and $15 million will be used for growth initiatives.
Dreamscape also operates CrazyDomains.com and claims to have about 30% of the market share for .AU domain names.
It has been reported that Dreamscape will issue the IPO at an $86 million market cap.