WeWork parent weighs slashing its valuation roughly in half to around $20 billion amid IPO skepticism, say people familiar with the matter
WeWork’s parent company is weighing a dramatic reduction in its valuation as it aims to go public while facing widespread skepticism over its business model and corporate governance, according to people familiar with the company’s listing plans and its recent talks with major investors.
We Co. is considering putting a price tag on its initial public offering that would value the company somewhere in the $20 billion range, potentially at the low end. That is less than half of the $47 billion mark where it last raised private...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IPO hopeful WeWork adds woman to board, CEO returns $5.9 million, after backlashWeWork owner The We Company took some steps on Wednesday to burnish its appeal t...
Read more »
Deutsche Bank initiates Lyft with a buy rating, says the struggling recent IPO 'may be bottoming'Deutsche Bank initiated coverage of ride-hailing company Lyft with a buy rating and a $70 price target.
Read more »
SmileDirectClub’s IPO Is Poised To Mint Three New BillionairesWhen SmileDirectClub makes its public debut in New York this month, the company's 30-year-old founders are set to become 2 of the youngest entrepreneurs in the nation to crack into the billionaire ranks
Read more »
WeWork Slashes IPO Expectations as Investors BalkThe controversial startup, which was previously valued at $47 billion, could now be targeting as little as $20 billion for its initial public offering.
Read more »