Hotel101 Global shares to begin Nasdaq listing on July 1
IHotel101 Global said it celebrated its US public listing by ringing the opening bell on Nasdaq on June 27, as the company became the first Filipino firm to be listed and traded on the New York-based bourse.
'This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq. It reflects the strength of our vision and the dedication of everyone who has helped bring Hotel101 to this global stage," said DoubleDragon chairman Edgar 'Injap' Sia II
"And we're just getting started – with a globally scalable model and a long runway ahead, we aim to redefine the industry and become a leading global hospitality brand working towards our vision of an inventory of 1 million Hotel101 rooms globally,' he added.
The listing came after it had secured the approval of the United States Securities and Exchange Commission (SEC).
The company's shares will be traded under the ticker symbol 'HBNB.'
Hotel101 Global's Nasdaq listing was on the heels of its business combination or merger with JVSPAC Acquisition Corp., approved by JVSPAC shareholders on June 24, 2025.
As a result, Hotel101 will be worth $2.3 billion or P130 billion.
Listed on the Nasdaq, JVSPAC is a blank check company led by its chairman and chief executive officer Albert Wong, who has been the chief executive officer and director of Kingsway Group Holdings, the sole distributor of Lamborghini in Hong Kong, Macau, and Guangzhou.
Kingsway is also the lone distributor of Koenigsegg Automotive, Rimac Automobili, and Bugatti Automobiles for China, including Hong Kong and Macau. —Ted Cordero/ VAL, GMA Integrated News
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