JustCo eyes global growth and an IPO
Singapore-based coworking firm has also embarked on 'asset-light' model of managing space instead of taking on long-term leases
Singapore
HOMEGROWN coworking player JustCo, valued at US$1 billion, has been cautiously pursuing growth in a tough year, and it plans to "definitely" undertake an initial public offering (IPO) at some point, the firm's chief executive Kong Wan Sing told The Business Times.
The Covid-19 pandemic has not put a lid on the company's global expansion. It is set to launch its own facility in Tokyo next year, and moving towards an asset-light business model, instead of taking on long-term leases. The 43-year-old entrepreneur was speaking to BT on the back of JustCo's launch of a suite of smart workplace solutions, called the Digital Future of Work Platform.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Singapore Court dismisses bid by former CTO to liquidate Cake Group
Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder