💌 Newsletter Mentions
11 Results
JustCo Holdings just IPO’d on the Singapore Exchange (SGX), raising S$100 million at S$0.94 per share, with most of the cash going toward opening new coworking centers across APAC.
From their IPO paperwork, the firm already runs 54 locations across 12 cities and is targeting 100+ by 2029, with a focus on expanding into Japan, Hong Kong, India, Malaysia, and the Philippines. Revenue hit US$144.2 million in FY2025, up 12.5% year over year, and the company carries zero external bank debt.
💬 Discuss this · 🔗 Direct Link · ⏱️ 29 days ago · 📩 Week 22, 2026 · 🤝 Market Moves
JustCo, the company started by Kong Wan Sing back in 2011 with just one office in a 3,132 sq ft space, has filed its preliminary prospectus for listing on the Mainboard of the Singapore Exchange.
Current snapshot: the firm operators 54 locations across 12 cities, offering 37,500 desks over 1.89M sqft. FY2025 profit was US$2.7M, up from a loss of US$10.1M in 2024. Revenue in 2025 was up 12.5% to $144.2M.
💬 Discuss this · 🔗 Direct Link · ⏱️ 42 days ago · 📩 Week 20, 2026 · 🤝 Market Moves
Wan Sing Kong shares that JustCo have officially expanded into their 8th market.
The launch of The Collective in Gurugram brings the APAC-focussed firm into the massive Indian coworking market, where we’ve already shared that they’ve also scheduled openings in Bengaluru and Mumbai.
💬 Discuss this · 🔗 Direct Link · ⏱️ 111 days ago · 📩 Week 10, 2026 · 🤝 Market Moves
JustCo announced plans to expand into India as the country’s flexible workspace sector accounted for approximately 22% of total office leasing activity in Q1 2024 according to CBRE research.
India’s flexible workspace stock reached over 72M sq ft across its top nine cities including Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune as of H1 2024. Michael Sim, Head of India & Australia, attributes growth to India’s talent pool, rapid urbanization, hybrid work models, and corporate demand for real estate agility.
💬 Discuss this · 🔗 Direct Link · ⏱️ 227 days ago · 📩 Week 45, 2025 · 🤝 Market Moves
Andre Chong shares that JustCo have introduced a fantastic marketing campaign, and DIY-booking flow, called The Boring Office: "No barista. No nap pods. No kombucha on tap. Just a clean, private office that works, the way you need it to."
While I wouldn’t agree that they’re "the first brand to make coworking offices bookable online", its fascinating to see them zig towards a no-frills offering while others zag towards more premium offerings. Also love how internal window-less units are promoted as ‘more private’, very clever.
💬 Discuss this · 🔗 Direct Link · ⏱️ 338 days ago · 📩 Week 29, 2025 · 🤝 Market Moves