Momentum on Hotel101 side, ends historic first week at Nasdaq

MANILA, Philippines — The historic first week trading of Hotel101 Global Pte. Ltd. shares in the US Nasdaq Stock Exchange has come to a close, with momentum clearly on its side moving forward.

Hotel101 Global, the first Filipino-owned company to be listed on the US Nasdaq, started trading under stock ticker symbol “HBNB” on July 1, 2025 (New York time).

The stock ended its first day of trading at $3.28, down by almost 10 percent, but eventually recovered, with its recent close at $3.40, up by 7.94 percent.

“HBNB kicked off trading on Nasdaq last July 1 with strong initial momentum, surging to about as high as $4.17, but closed significantly lower at $3.28, nearly flat but slightly below its IPO level,” Luis Limlingan of Regina Capital said.

“Fundamentally, its asset-light model and global footprint may offer long-term promise, but execution remains to be monitored. Over the next few weeks, range-bound trading may be estimated until further developments,” he said.

Hotel101 Global, a subsidiary of Edgar “Injap” Sia II and Tony Tan Caktiong’s DoubleDragon Corp., is currently building more Hotel101 developments in line with its vision of one million rooms in 100 countries worldwide.

In the near term, the company aims to be in 25 countries in the next three years.

The first three locations of its overseas projects include Spain, Japan and US.

Hotel101 is expected to further elevate the globally renowned Filipino brand of hospitality to each of the country where it eventually operates.

Sia earlier said that Hotel101’s listing in the Nasdaq is just a start, with the company aiming to redefine the industry and become a leading global hospitality brand.

With its aggressive expansion plans, Hotel101 Global’s US listing opens new doors for the company to tap the deep and broad pool of capital in the US.

“This is a signal that Philippine companies, especially relatively newer ones, can globalize their business operations and their fundraising activities at the same time,” RCBC chief economist Michael Ricafort said.

“Market conditions improved, with the S&P 500 and the Nasdaq posting new record highs, thereby allowing issuers to sell at the highest possible selling prices, despite geopolitical risks recently, especially tensions in the Middle East,” he said.