In brief: WeWork Chinese rival seeks $3b valuation in New York IPO

• Ucommune, WeWork’s biggest rival in China, is reportedly seeking a US$3 billion valuation for a New York listing this year. The company may list on Nasdaq as early as Q3 2019.
• The co-working space company had previously considered going public in Hong Kong but later changed its plans to New York, said people familiar with the matter.
• Ucommune was valued at US$2.6 billion in its series D funding last November, where it raised US$200 million from All-Stars Investment and CEC Capital.

Source: The Information