Taiwan-based OBOOK Holdings Inc., the parent company of OwlTing, is set to debut on the Nasdaq stock exchange under the ticker symbol OWLS on October 16, 2025. This direct listing will not involve raising new capital or issuing new shares; instead, existing shareholders will sell their holdings, marking a significant milestone for blockchain-focused firms entering public markets.
Founded in 2010, OwlTing leverages blockchain technology for payment services, e-commerce, and hospitality platforms. The company reported revenues of approximately $7.6–8 million over the past year, though it experienced negative net income. This event echoes previous direct listings like Coinbase in 2021, which enhanced equity market visibility for blockchain companies without directly impacting cryptocurrency assets.
Experts note that the listing underscores the growing influence of blockchain firms on U.S. equity markets, yet no immediate shifts in major cryptocurrencies such as BTC or ETH have been observed, maintaining market stability and emphasizing the separation between equity trading and token valuation.
