Regus has more than half the market, with 83 locations. Shares in Victory Offices have rallied 10 % since the company raised 500 m ( $ 40 m ) in a recent IPO . The company , which has leases on 21 properties – 16 of which are in Melbourne and four in Sydney – estimates annual profit though June will be 72 % higher YoY at AUD9.3 m from increased investment of 500 m ( +53 % ) . 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 500 m ( $ 40 m ) in a recent IPO . The company , which has leases on 21 properties – 16 of which are in Melbourne and four in Sydney – estimates annual profit though June will be 72 % higher YoY at AUD9.3 m from increased investment of 500 m ( +53 % ) . 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 .