WeWork mulling heavily discounted valuation ahead of IPO
The valuation of $10bn-$12bn is vastly lower than the earlier one of $47bn, with investors forcing constraints on co-founder Adam Neumann
13 September 2019 - 17:56
Bengaluru/Washington/New York — WeWork owner the We Company may seek a valuation in its upcoming initial public offering (IPO) of between $10bn and $12bn, a dramatic discount to the $47bn valuation it achieved in January, people familiar with the matter said on Friday.
If the We Company were to press on with the IPO at such a low valuation, it would represent a major turning point in the venture capital industry’s growth over the past decade that has led to the rise of start-ups such as Uber Technologies, Snap and Airbnb...
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