OBOOK Holdings, which operates blockchain-powered service platforms for various industries, announced earlier this week that it had received approval to list its shares on the Nasdaq and expects trading to commence today, 10/16.
The company registered 4.7 million shares for sale by existing stockholders. OBOOK will not raise new capital in the listing.
Operating as the OwlTing Group, the company is focused on using blockchain technology to provide business solutions across various industries. Through its e-commerce, hospitality and payments offerings, OBOOK serves businesses and individuals whose commercial activities involve cross-border transactions. The company provides payment products and services under OwlPay, hospitality products and services under OwlNest and other names, and e-commerce platform and services under OwlTing Market.
OBOOK Holdings plans to list on the Nasdaq under the symbol OWLS. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, D. Boral Capital served as a financial advisor.
