Indian managed workspace provider Tablespace Technologies Ltd., backed by private equity firm Hillhouse, is preparing to file for a debut on the stock market. According to sources familiar with the matter, the company plans to raise up to $350 million through the offering. The filing is expected to take place in the next quarter, and the proceeds will be used to scale operations, invest in technology, and potentially pursue acquisitions.

The move follows a growing trend of tech firms seeking capital to expand infrastructure and services across India, with the company aiming to enhance its portfolio and secure notable clients. Industry analysts view the IPO as a sign of confidence in the Indian workspace and collaboration market, which has seen a surge in demand amid remote work trends.

Hillhouse, known for its investments in technology and digital infrastructure, has provided strategic guidance and capital to Tablespace, enabling rapid expansion into new markets. The IPO valuation is expected to be in the range of $1.5 to $2.0 billion, positioning the company as a mid‑cap player in the sector. Analysts anticipate a strong opening, with potential upside driven by strong demand for flexible workspace solutions and the company's robust growth trajectory.