PANews reported on October 15th that according to Decrypt, Taiwan's stablecoin infrastructure company OwlTing will be listed on the Nasdaq Global Select Market on Thursday. The company's Class A common stock is expected to begin trading on October 16th under the stock symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-over-year increase, with total payment volume increasing 62% to $218 million. The company disclosed that its hospitality business unit, OwlNest, serves over 2,500 clients and has a net dollar retention rate of 108%. Although one-time listing costs impacted net profit, OwlTing stated that profitability is expected to increase as its stablecoin infrastructure scales and profit margins improve.PANews reported on October 15th that according to Decrypt, Taiwan's stablecoin infrastructure company OwlTing will be listed on the Nasdaq Global Select Market on Thursday. The company's Class A common stock is expected to begin trading on October 16th under the stock symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-over-year increase, with total payment volume increasing 62% to $218 million. The company disclosed that its hospitality business unit, OwlNest, serves over 2,500 clients and has a net dollar retention rate of 108%. Although one-time listing costs impacted net profit, OwlTing stated that profitability is expected to increase as its stablecoin infrastructure scales and profit margins improve.
Taiwan's stablecoin infrastructure firm OwlTing is about to list on Nasdaq
PANews reported on October 15th that according to Decrypt, Taiwan's stablecoin infrastructure company OwlTing will be listed on the Nasdaq Global Select Market on Thursday. The company's Class A common stock is expected to begin trading on October 16th under the stock symbol OWLS.
In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-over-year increase, with total payment volume increasing 62% to $218 million. The company disclosed that its hospitality business unit, OwlNest, serves over 2,500 clients and has a net dollar retention rate of 108%. Although one-time listing costs impacted net profit, OwlTing stated that profitability is expected to increase as its stablecoin infrastructure scales and profit margins improve.
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