China's co-working major Ucommune seeks $200m in fresh funding, eyes 2019 IPO

Photo: Ucommune

Fresh off of announcing a $43-million funding round that raises its valuation to $1.8 billion, Chinese co-working space operator Ucommune said it plans to raise another $200 million in funding this year.

The next fundraising round, which would mark a Series D for the unicorn, would also pave the way for an IPO early next year, Ucommune founder Mao Daqing said during an interview in Singapore. The co-working space operator has held informal conversations with exchanges in Hong Kong, the US and Singapore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter