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In The Loop: Ucommune starts trading on Nasdaq, industry optimism, etc.

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In The Loop: Ucommune starts trading on Nasdaq, industry optimism, etc.

Ucommune officially started trading on the Nasdaq after completing a backdoor listing.

Ucommune completes list of backdoors in the United States

CX Tech reported this week that Ucommune Group Holdings Ltd. completed an IPO in the United States after failing to perform a more traditional IPO earlier this year. The company initially filed for a $ 100 million IPO on the New York Stock Exchange, but quickly withdrew its application. According to the report, Ucommune was able to complete the list using an already listed shell company. Ucommune has officially started trading on the Nasdaq under the symbol UK. In addition to the listing, the coworking company said it could receive $ 66.5 million from supporting investors.

Coworking operators remain optimistic about the future

The Commercial Observer reported this week that coworking and flexible space operators and potential users are optimistic about [the industrys] future. Recent reports have shown that the office market sector remains confident despite the disruption caused by the COVID-19 pandemic. According to the data, 76% of flex space operators are optimistic about the future of the industry over the next 12 months. In addition, 90% of flexible workspace users expect the flexibility of leases to increase, suggesting that there is a market opportunity for flexible workspace operators.

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Former McDonalds to be converted into flexible space

Liverpool Echo reported this week that a former McDonalds location will be redeveloped into a flexible 3,000 m2 workspace. According to reports, the space has been empty for six years. Once the redevelopment and renovation is complete, Enterprise Store will accommodate up to 54 employees in the office space. According to statements from Sefton Council, the aim is to support the growth and diversification of Southports’ economy and to restore speed to a declining area of ​​the city center.

For more information on flexible workspaces, visit our Daily Digest section!

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