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
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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.
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