BIZ BUZZ: Hotel101 joins the big leagues
Finally, after long months of preparation, Hotel101 will make history today when it officially starts trading on New York’s Nasdaq exchange.
With that, the brainchild of Mang Inasal founder Edgar “Injap” Sia II and Jollibee Group founder Tony Tan Caktiong will be thrust in the same territory as other tech brands like Apple, Tesla, Nvidia, Amazon, Google, Microsoft, Facebook and Netflix.
Hotel101 will be listed under the ticker ‘HBNB’, the first issue to come from the Philippines, thus paving the way for other Filipino companies who may also want to plant the country’s flag in the tech-heavy exchange.
Biz Buzz sources say that the listing on Nasdaq should entice global investors to look closely at Hotel101 and appreciate its potential for rapid growth.
Indeed, to thrive in Nasdaq, the company business model needs not only to be novel or unique, but also be easily exportable to global markets.
And Hotel101 is seen to have those qualities in place.
Investors who may be unfamiliar with Hotel101 also need not look further than the track record of the founders who have made multi-billion businesses out of their unique ideas.
If they were able to do it with Mang Inasal and Jollibee, then they are deemed able to duplicate the feat and do the same with Hotel101, which aims to have a million uniform Hotel101 rooms in 100 countries.
Sia and Tan Caktiong firmly believe in their vision. And now, with the listing on Nasdaq, global investors have the chance to invest in their idea and eventually profit from them, too.
