Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
China’s largest coworking operator, Ucommune, will go forward with an initial public offering in the U.S. this year, despite its competitor WeWork canceling its IPO a few weeks ago.”
The company is valued at $3 billion after a $200 million fundraising round last year and has filed a confidential prospectus for a U.S. listing. Ucommune picked Citigroup, Credit Suisse and Bank of America to work on the deal.
China-based companies listing in the U.S. have come under great scrutiny as tensions between the two countries have risen. In fact, a bipartisan group of lawmakers introduced a bill that would delist companies that do not open their books to U.S. regulators and requires full disclosures if members of the Chinese Communist party officials are on the board.
“China’s coworking space has seen a great expansion over the last three to five years, but the barriers to entry are low and it’s a hard space to be in,” said James MacDonald, director of China Research at Savills Property Services.
