Dreame has opened a direct Pre‑IPO financing window, offering roughly 5–10% of
shares and targeting a pre-money valuation near 70 bln yuan, sources said.
Minimum single investment is 350 mln yuan and the window is expected to close in
early July. At the quoted valuation the raise would equal about 3.5–7.0 bln
yuan. The placement combines founder Yu Hao’s secondary share sales with a
company primary issuance; the final new‑vs‑old share split will be confirmed
with the lead investor and may be adjusted. The 70 bln yuan figure is a
negotiation baseline and represents a material step‑up from Dreame’s prior
financing round, according to sources.
