OBOOK Holdings (Direct Listing)

General Information
Business:

(Incorporated in the Cayman Islands)

Note: This is NOT an IPO. OBOOK Holdings went public through a Direct Listing on the NASDAQ in mid-October 2025. D. Boral Capital served as the financial adviser. Existing shareholders sold stock in the direct listing. No new stock was issued, according to the prospectus.

The company’s operating entity, OwlTing Group, runs blockchain-driven service platforms for companies in a variety of industries:

  • OBOOK – for e-commerce, hospitality and payments – for companies and people involved in cross-border transactions;
  • OwlPay – for payment products and services
  • OwlNest – for hospitality products and services
  • OwlTing Market – for an e-commerce platform and services.

Note: Net loss and revenue are in U.S. dollars for the 12 months that ended Dec. 31, 2024. 

(Note: OBOOK Holdings went public via a Direct Listing – also known as a Direct Offering – on NASDAQ on Oct. 16, 2025, and opened at $68.00, according to NASDAQ. )

(Background: OBOOK Holdings’ shareholders will sell up to 4.73 million shares (4,729,695 shares) of stock in the NASDAQ Direct Listing, according to an F-1/A filing dated Sept. 19, 2025. No reference price has been set yet. In 2025, OBOOK Holdings said its stock sold for $10.00 per share in a private placement, according to the prospectus.)

 

 

Industry: Blockchain services
Employees: 199
Founded: 2010
Contact Information
Address 9F., No. 28, Wencheng Rd., Beitou Dist., Taipei City 112, Taiwan, Republic of China
Phone Number +886-2-6610-0180
Web Address
View Prospectus: OBOOK Holdings (Direct Listing)
Financial Information
Market Cap
Revenues $7.57 mil (last 12 months)
Net Income $-10.27 mil (last 12 months)
IPO Profile
Symbol OWLS
Exchange NASDAQ
Shares (millions): 4.7
Price range $68.00 - $68.00
Est. $ Volume $321.6 mil
Manager / Joint Managers D. Boral Capital (ex-EF Hutton) (Financial Adviser)
CO-Managers
Expected To Trade: 10/16/2025
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change