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Chinese Co-Working Giant Ucommune Plans New York IPO

Written by CRETech | Dec 19, 2019 12:00:30 PM

China’s largest co-working company, Ucommune, has filed plans for an initial public offering on the New York Stock Exchange. The offering could take place as early as next month, the Wall Street Journal reported. It will represent a test of investor sentiment following WeWork’s IPO debacle this fall — was WeWork’s failure a symptom of problems specific to the company, or is the co-working business model as a whole now in question? “The fact that they’re doing it so soon after WeWork is surprising,” Jonathan Wright, director of flexible workspace consulting for Asia at Colliers International, told the Journal.