The Taiwanese stablecoin infrastructure company OwlTing is about to go public on NASDAQ

ChainCatcher news, according to Decrypt, Taiwan's stablecoin infrastructure company OwlTing will be listed on the Nasdaq Global Market on Thursday.

The company's Class A common stock is expected to begin trading on October 16, with the stock symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-over-year increase, with total payment volume growing 62% to $218 million. According to the company, its hotel business division OwlNest serves over 2,500 clients, with a net dollar retention rate of 108%. Although one-time listing costs impacted net profit, OwlTing stated that as the scale of stablecoin infrastructure expands and profit margins improve, the company's profitability is expected to enhance.