DHD is inviting people to become shareholders of the Australian surf company through equity crowdfunding.
The firm, founded by master shaper Darren Handley, is offering between 20,000 to 100,000 ordinary shares at A$25 each.
DHD seeks to attract a total investment of between A$500,000 and A$2,500,000, equivalent to 2.4 and 11.1 percent of the company. The minimum investment amount is A$250.
The Australian surf brand is raising capital to increase the working capital and invest in property, product innovation, and marketing.
"In the last four years, we've been enjoying fantastic increases in our profits and turnover," explains Tony Emerton, CEO of DHD.
"We can't see this momentum stopping, given the new surfboards we're investing in, the wave pool era, age and growth, and general promotion of the sport and lifestyle through events such as the Olympics."
Surf Stocks
DHD became the first surf company in the world to launch an equity crowdfunding campaign.
From a financial perspective, DHD values itself at approximately A$22,500,000 with forecast revenues of A$9,000,000 and an EBIT of A$1,375,000 for 2019.
In other words, the Burleigh Heads company is expecting to deliver a relatively long-term return on investment (ROI).
The equity crowdfunding prospect is clear about the risks facing the business: "An investment in DHD should be seen as high-risk and speculative."
DHD produces surfboards, surf accessories, and apparel and has manufacturing sites in Queensland, California, Brazil, and Indonesia.