OBOOK Holdings Inc. Successfully Completes Direct Listing on Nasdaq
NEW YORK, Oct. 17, 2025 — OBOOK Holdings Inc. (NASDAQ: OWLS) (“OBOOK” or the “Company”), a blockchain technology firm operating as the OwlTing Group, has announced the successful direct listing of its Class A common shares on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “OWLS”.
OBOOK’s Class A common shares commenced trading at $68.00 per share, marking a 580% surge from its reference price of $10.00 per share1, and concluded the trading day at $55.55 per share, an increase of over 450% from both the reference price and its previous private placement valuation. At the closing price, OBOOK’s market capitalization reached approximately US$4.9 billion.
“We are proud to mark OBOOK’s debut on Nasdaq, which represents an important milestone in our Company’s growth,” said Darren Wang, Founder and CEO at OwlTing Group. “This strong market debut underscores investor confidence in our vision to leverage the blockchain technology and transform global payments through regulated stablecoin infrastructure.”
“Our direct listing reinforces our commitment to transparency and capital efficiency, while providing our shareholders with immediate liquidity and market-based valuation,” added Winnie Lin, CFO at OwlTing Group. “We remain focused on executing our roadmap for sustainable growth and stablecoin innovation.”
The Company believes this robust debut reflects considerable investor interest and confidence in its business model, growth momentum, and international expansion strategy. As the first fintech company in Asia to achieve a direct listing on Nasdaq with its Class A common shares, OBOOK considers this direct listing a significant advancement for the region’s technology and financial innovation landscape.
Sullivan & Cromwell LLP served as U.S. legal counsel to the Company. D. Boral Capital LLC acted as the financial advisor to the Company in connection with this direct listing, with Sichenzia Ross Ference Carmel LLP providing U.S. legal counsel to D. Boral Capital LLC. KPMG functioned as the Company’s independent auditor.
A registration statement on Form F-1 (File Number: 333-290018), as amended, pertaining to the direct listing (the “Registration Statement”) was submitted to the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 29, 2025. The direct listing was executed solely by means of a prospectus forming part of the Registration Statement. Copies of the prospectus related to the direct listing may be obtained via the SEC’s website at www.sec.gov.” The Company’s trading performance on the initial day of trading does not guarantee its future trading performance.
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1 The reference price for OBOOK Holdings Inc.’s direct listing was established at US$10.00 per share, based on the Company’s most recent private placement completed in August 2025. This price served as a market-based benchmark prior to trading.
About OBOOK Holdings Inc.
OBOOK Holdings Inc. is a blockchain technology company operating as the OwlTing Group. The Company was founded and is headquartered in Taiwan, with subsidiaries located in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Company manages a diverse ecosystem spanning payments, hospitality, and e-commerce. In 2025, according to CB Insights’ Stablecoin Market Map, OwlTing was ranked among the top 2 global players in the “Enterprise & B2B” category. The Company’s mission is to utilize blockchain technology to provide businesses with more reliable and transparent data management, to reinvent the global flow of funds for businesses and consumers, and to lead the digital transformation of business operations. To achieve this, the Company introduced OwlPay, a Web2 and Web3 hybrid payment solution, designed to empower global businesses to operate confidently within the expanding stablecoin economy. For more information, visit www.owlting.com.
Safe Harbor Statement
This announcement contains certain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes may impact its financial condition, results of operations, business strategy, and financial requirements. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “project,” or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages investors to review other factors that may affect its future results in the Company’s registration statement filed with and declared effective by the SEC and other filings with the SEC, available at www.sec.gov.
For investor and media inquiries, please contact:
OBOOK Holdings Inc. Investor Relations
Henry Fan, Investor Relations Director
ir@owlting.com
OBOOK Holdings Inc. Media Relations
Michael Hsu, Public Relations Director
pr@owlting.com
The Blueshirt Group, Investor Relations
Jack Wang, Managing Director
jack@blueshirtgroup.com
The Piacente Group, Investor Relations
Dana Cheng, Vice President
dana@thepiacentegroup.com
