WeWork reveals loss, revenue growth as it prepares IPO

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WeWork reveals loss, revenue growth as it prepares IPO
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WeWork is getting ready to go public, adding to a growing list of money-losing ventures seeking investors.

WeWork is getting ready to go public, adding to a growing list of money-losing venture seeking investors.

The company makes money by renting out its office space. It had $17.92 billion in long-term lease obligations as of June 30. While its initial members were mostly freelancers, start-ups and small businesses, WeWork said that its current membership represents global enterprises across multiple industries, including 38% of the Global Fortune 500.

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