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.