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WeWork looking to go public as early as September: Source



Reuters on Tuesday (Jul 23).

Shared office space manager WeWork is looking to the public as soon as September.

The company is expected to make its initial public

The developments were first reported earlier by the Wall Street Journal.

WeWork declined to comment.

WeWork wants to host analyst day

WeWork is looking to raise $ 5 billion to $ 6 billion through the IPO, the source added, requesting anonymity because the matter is private.

WeWork is so great it will

"That's a very well-known psychology by underwriters and IPO investors, and that (that fear), that's something people try to guard against," Adam Troso said. Head of Real Estate Corporate Advisory at Greenhill & Co in New York.

WeWork recently valued at US $ 47 billion in a private fundraising round, making it one of the most valuable private companies in the world.

However, the money-losing company has faced questions about the sustainability of its business model, which is based on short-term revenue agreements and long-term loan liabilities.

The losses at WeWork's parent company narrowed slightly in the first q uarter of 2019 to $ 264 million as revenue continues to double annually.


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