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Bloomberg
Ucommune, the largest rival to WeWork in China, plans an initial public offering in the US in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter.
The first-time share sale of the Chinese office-sharing provider could raise about $100 million, said the people, asking not to be identified discussing private matters. The 4-year-old company is considering a public IPO filing as soon as the week after next, one of people said.
The deal is poised to test investors’ appetite for co-working startups after WeWork cancelld its IPO in September and is now valued at less than $8 billion.