Property News · December 12, 2019

Ucommune, China's version of WeWork, files to raise funds in an initial public offering in New York


China’s biggest shared workspace provider Ucommune on Wednesday filed paperwork with the US securities regulator for an initial public offering, months after WeWork shelved its IPO amid severe investor concerns over its mounting losses.The preliminary filing with the US Securities and Exchange Commission did not give any details of the size of the offering.Reuters reported in October that Ucommune had filed a confidential prospectus with the SEC, citing sources.Ucommune has shared workspaces in…

Source : South China Morning Post
Read more…Ucommune, China’s version of WeWork, files to raise funds in an initial public offering in New York

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