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GIC, Frasers Property-backed co-working operator JustCo files preliminary prospectus for SGX listing

The Edge Singapore
The Edge Singapore • 2 min read
GIC, Frasers Property-backed co-working operator JustCo files preliminary prospectus for SGX listing
Kong Wan Sing, JustCo's executive chairman, has plans to enter new markets India, Malaysia, the Philippines, Hong Kong, Dubai and Saudi Arabia / Photo: Samuel Isaac Chua
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Co-working operator JustCo has lodged its preliminary prospectus for a listing on the Mainboard of the Singapore Exchange. The company was started by Kong Wan Sing back in 2011 with just one office in a 3,132 sq ft space at Samsung Hub.

JustCo now operates 54 centres across 12 cities, namely Bangkok, Bengaluru, Gurugram, Ho Chi Minh City, Hsinchu, Melbourne, Osaka, Seoul, Singapore, Sydney, Taipei and Tokyo. From this total net leasable area of 1.89 million sq ft, JustCo is able to offer space for around 37,500 workstations.

In an interview with The Edge Singapore in February, Kong laid down ambitions to double the company’s market presence in the next three years across its three brands — The Boring Office, a no-frills space with just the essentials; the flagship premium brand JustCo; and its luxury concept The Collective.

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