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Brookfield-Backed Industrious Plots IPO, Adds Female Director

  • Office provider interviewed banks in step toward 2021 listing
  • Company expects revenue growth of up to 25% despite pandemic
A co-working space managed by Industrious in Scottsdale, Arizona
A co-working space managed by Industrious in Scottsdale, ArizonaSource: Industrious

Industrious, a workplace provider that counts WeWork among its rivals, is taking steps toward an initial public offering, which could come as soon as next spring.

The New York-based startup has interviewed investment banks ahead of a potential listing in the spring or summer of 2021, although that timing could change, co-founder and Chief Executive Officer Jamie Hodari said. On Monday, the company will add real estate veteran Mary Hogan Preusse as its first female board member.