Taiwanese stablecoin infrastructure company OwlTing is about to be listed on Nasdaq
ChainCatcher news, according to Decrypt, Taiwan stablecoin infrastructure company OwlTing will be listed and traded on the Nasdaq Global Market on Thursday.
The company's Class A common shares are expected to begin trading on October 16 under the ticker symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-on-year increase, and total payment volume grew by 62% to $218 million. According to company disclosures, its hotel business division OwlNest serves more than 2,500 clients, with a net dollar retention rate of 108%. Although one-time listing costs affected net profit, OwlTing stated that as the scale of its stablecoin infrastructure expands and profit margins improve, the company's profitability is expected to strengthen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
CoreWeave plans to issue at least $4 billion in investment-grade loans, falling nearly 6% after hours
According to Bloomberg, CoreWeave is seeking to refinance at least 4 billion USD through an investment-grade loan, led by Morgan Stanley and Mitsubishi UFJ, with a syndication roadshow expected to start as soon as next week. This financing continues the structure of using Nvidia chips and customer contracts as collateral, with the yield on the issuance anticipated to be around 7% to 7.5%, much lower than its junk bond yield. Following the news, CoreWeave's shares fell nearly 5.8% after hours.
Outperformed the S&P by 19.2 percentage points in one month: Berkshire (BRK.B) achieves its highest monthly relative advantage since 2010, second only to the 2008 financial crisis
As the AI trading boom subsides and technology stocks waver, one of the market’s oldest “safe havens” has once again proven its value. Berkshire Hathaway (BRK.B) has just recorded one of its most notable relative gains in over a decade.
Hyperliquid's annualized priority fee revenue reaches $108 million
Crypto prices
More
