Shares in Victory Offices have rallied 10% since the company raised AUD30m ($20.7m) in a recent IPO. Victory shares were trading for $2.19 at 1200 AEST, an hour after they began trading under the symbol VOL. The Australian Securities and Investments Commission has also been investigating the company. Victory’s market cap is AUD89.6 m. It competes with Regus, Servcorp, WeWork and the Executive Centre, the four biggest players in Australia’s flexible office space market which is dominated by Regus with 83 locations – more than half the market.
Shares in Victory Offices have rallied 10% since the company raised AUD30m ($20.7m) in a recent IPO. The Australian Securities and Investments Commission has also been investigating the company. Victory’s market cap is AUD89.6 m. It competes with Regus, Servcorp, WeWork and the Executive Centre, the four biggest players in Australia’s flexible office space market which is dominated by Regus with 83 locations – more than half the market.