OBOOK Holdings Seeks to go Public Through a Direct Listing
By Stephen NakrosisBlockchain company OBOOK Holdings, which operates of OwlTing, said it was seeking a Nasdaq listing as certain shareholders prepare for a resale of their stock.OBOOK said it applied to list its shares under the symbol OWLS. The company didn't give a date as to when it expected shares to begin selling.The company said it offers e-commerce, hospitality and payments offerings, and is expanding into several markets, including the U.S., Japan, Singapore, and also into South America and the EU, among others.OBOOK said between April and August, it sold some 1.5 million shares of Class A Common Shares to investors in a private placement, at a price of $10 per share.For the year ended Dec. 31, 2023, the Taiwan-based company said it had revenue of $6.4 million, and a net loss of $6.7 million. For the year ended Dec. 31, 2024, the company reported revenue of $7.5 million and a net loss of $10.2 million.Write to Stephen Nakrosis at [email protected]