The Hillhouse-backed managed workspace firm in India is reportedly moving toward a public listing, in a deal that could test investor demand for flexible office businesses.
Tablespace Technologies, a managed workspace firm in India backed by Hillhouse, is reportedly preparing to file for an initial public offering that could raise up to $350 million. The potential listing would mark a significant capital-markets step for the company and could offer a gauge of investor appetite for flexible office and managed workspace operators.