"OBOOK Holdings (OwlTing) Becomes First Asia-Based Fintech Company to Directly List on Nasdaq"

"OBOOK Holdings (OwlTing), a Taiwan-based blockchain technology company, has successfully completed its direct listing on the Nasdaq Global Market, becoming the first Asia-based fintech firm to do so in the U.S. OwlTing operates in payments, hospitality, and e-commerce, offering a hybrid payment solution through its OwlPay platform. The company received advisory support from a team at S&C for the listing and related regulatory and tax matters."

In a recent transaction, the law firms involved were Sullivan & Cromwell LLP (S&C), which assisted OBOOK Holdings (OwlTing) in its direct listing on the Nasdaq Global Market, marking a significant milestone as the first Asia-based fintech company to achieve such a listing in the United States. OwlTing, a blockchain technology company based in Taiwan, operates a diversified ecosystem that spans payments, hospitality, and e-commerce. The company’s OwlPay platform offers a hybrid payment solution that integrates both Web2 and Web3 technologies, aimed at empowering global businesses. The S&C team advising OwlTing on the direct listing included Ching-Yang Lin, Joon Seok Hong, George Shen, and Yue Li. Additionally, Jeff Hochberg and Saul Brander provided counsel on tax matters, while Colin Lloyd and Mario Schollmeyer focused on fintech regulatory issues.

"OBOOK Holdings (OwlTing) Becomes First Asia-Based Fintech Company to Directly List on Nasdaq"

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