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Wework's Chinese Rival, Ucommune, Is Reportedly Eyeing A 2020 Ipo

by businessinsider.com posted 1week ago 13 views
WeWork's $3 billion Chinese rival, Ucommune, has its eyes on a 2020 US IPO that could raise as much as $200 million for the communal workspace company, Bloomberg reported Thursday. Ucommune was founded in 2015 with backing from Sequoia Capital China. The company was reportedly valued at $3 billion in a 2018 funding round. It's not the first time Ucommune has set a date to go public. The Information reported in February that the company hired Citigroup and JPMorgan for a 2019 IPO on Nasdaq. Visit Business Insider's homepage for more stories.

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