Tag: WeWork IPO

The topic of WeWork's valuation is back in the news again after talk of Fidelity Contrafund cutting its investment and Bill Ackman criticizing the company.

A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.

On October 8, former Nasdaq CEO Robert Greifeld wrote on CNBC's website, "WeWork’s aborted IPO may come to mark the end of the current 'unicorn' bubble."

In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.

The We Company has pulled the plug on WeWork’s IPO. Are prospective investors worried that Adam Neumann will end up being another Elon Musk?

Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.