A WeWork rival gets ready for an IPO, even as offices stay shut

May 29, 2020 - Fortune
Board and Executive Moves-IPOs

Once valued at $47 billion, battered and bruised coworking startup WeWork saw its valuation drop to $2.9 billion as the coronavirus compounded the SoftBank-backed company’s woes.

Now a competitor is gearing up for an initial public offering soon.

Industrious, a coworking startup with over 95 locations in the U.S. told Bloomberg Friday that it has begun interviewing investment bankers ahead of a potential IPO slated for the spring or summer of 2021 and will add Mary Hogan Preusse, a...