The co-working space service is aiming to raise up to $200m in an initial public offering in the US next year, with multiple real estate developers in line for exits.
Ucommune, a China-based co-working space provider backed by property developers Prosperity Holdings, Junfa Group, Yintai Land and Dahong Group, is gearing up for a $200m initial public offering, DealStreetAsia reported today.
The offering is set to take place on an unspecified US stock exchange as soon as 2020, people familiar with the matter said, adding that Ucommune will seek to raise a minimum of $100m through the listing.
The news follows reports in February 2019 that Ucommune had hired…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
