Mired in debt, WeWork files for IPO

As many have long expected, WeWork, the preferred provider of office space for freelancers and startups alike, has filed to go public. Its prospectus, which highlights the strengths and weaknesses of the business, including the current state of its financials, is currently live on the SEC website. At its latest valuation, WeWork was worth an impressive $47 billion. It boasts backers as prominent as SoftBank’s Vision Fund. Although it’s not unheard of for companies to IPO while still making continuous, heavy losses (the best example of that being Uber), WeWork will undoubtedly raise eyebrows. In 2018, it lost $1.9 billion…

This story continues at The Next Web …read more

Source:: Technology – The Next Web

(Visited 2 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *