Wework Ipo News

Firm will raise funds via combination of equity, structured debtWeWork India, which operates around 45,000 desks across cities, leased 10,000 desks in the September quarter alone

WeWork is formally withdrawing the prospectus for its scrapped IPO, capping a botched effort to go public that cost its top executive his jobThe company is in talks with investment banks about a new $3 billion loan

The We Co said last week that it was postponing its IPO to the year-end due to lack of demand from investorsThe company expects a revised valuation of $15 billion, or two-thirds less than the $47 billion it was valued at earlier this year

Recent signs of trouble at WeWork, which has so far been a poster boy of coworking spaces, raise an important question: is the ‘future of work’ dead?

We Co. may seek a valuation between $10 bn and $12 bn for its IPO, less than the $47 bn valuation it achieved in JanHolding firm Embassy plans to raise fresh capital to fund WeWork’s India operations and expand its presence

Softbank is urging one of its most valuable portfolio companies, WeWork, to shelve its IPO plans. IPO underwriters of WeWork have slashed the valuation of the company to $15-20 billion, significantly over than the $47 billion valuation it received in January 2019 during the last round of venture funding. The WeWork IPO could have a much wider ramifications for the VC-startup landscape.

Valuation for WeWork IPO could be as low as $15 billion-$18 billionSoftBank urges WeWork to shelve the IPO due to tepid investor demand

Many on Wall Street suspect that WeWork has merely dressed itself up as a tech firm to catch investor attention. What investors should do is ask how it really expects to turn profitable

SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 a share or higher, depending on whether WeWork goes public