Taiwanese stablecoin infrastructure provider OwlTing is set to commence trading on the Nasdaq Global Market this Thursday. Its Class A common stock will begin trading under the ticker symbol OWLS on October 16th. The company reported $7.6 million in revenue for 2024, representing an impressive 18% increase from the previous year. This growth translated to a substantial 62% rise in total payment volume, reaching $218 million. OwlTing’s hotel business division, OwlNest, boasts over 2,500 clients, achieving a high net dollar retention rate of 108%. While one-time listing costs impacted profitability, OwlTing remains optimistic about enhancing its profitability as the scale of its stablecoin infrastructure expands and profit margins improve.