US Stock Market Move | Obook Holdings (OWLS.US) debuts on the US stock market with an opening stock price drop of nearly 20%.

On Thursday, Obook Holdings (OWLS.US) debuted on the US stock market, opening down nearly 20% and triggering a circuit breaker. The IPO price was $68. On the news front, OBOOK Holdings focuses on the research and application of blockchain infrastructure technology, and in recent years, it has actively laid out stablecoin infrastructure construction, committed to creating a "compliance-first" stablecoin ecosystem. The company stated that it will leverage its multiple financial and blockchain-related licenses obtained in the US, EU, and Japan to further strengthen its strategic position in the global stablecoin competitive landscape.