WeWork owner The We Company is weighing slashing the valuation of its forthcoming initial public offering (IPO) to below $20bn, two sources said, in the latest headwind for leading shareholder SoftBank Group whose key group portfolio firms have tumbled in value.
The valuation for the money-losing US office-sharing startup could be as low as $15bn-$18bn, one of the sources with direct knowledge of the matter said. The other source said the valuation was unlikely to be as low as that...
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