"The WeWork of China Gears Up for a New York IPO"
Wall Street Journal, By Konrad Putzier，Dec. 17, 2019 7:00 am ET
Ucommune says it is the largest co-working firm in China based on the number of workstations and square feet it manages
China’s biggest co-working company has filed plans to go public on the New York Stock Exchange, an early test of investor faith in flexible-office startups since We Co. pulled the plug on its IPO plans.
Ucommune, which says it is the largest co-working firm in China based on the number of workstations and square feet it manages, said in a filing with the Securities and Exchange Commission that it seeks to raise $100 million, though analysts say that figure is often used as a placeholder until a final amount is determined.
The initial public offering from the Beijing-based firm could happen as soon as January, according to people familiar with the matter.
"The WeWork of China Gears Up for a New York IPO"
Wall Street Journal, By Konrad Putzier，Dec. 17, 2019 7:00 am ET
Ucommune says it is the largest co-working firm in China based on the number of workstations and square feet it manages
China’s biggest co-working company has filed plans to go public on the New York Stock Exchange, an early test of investor faith in flexible-office startups since We Co. pulled the plug on its IPO plans.
Ucommune, which says it is the largest co-working firm in China based on the number of workstations and square feet it manages, said in a filing with the Securities and Exchange Commission that it seeks to raise $100 million, though analysts say that figure is often used as a placeholder until a final amount is determined.
The initial public offering from the Beijing-based firm could happen as soon as January, according to people familiar with the matter.