WeWork prefers a plan led by JPMorgan Chase & Co. to arrange a $5 billion financing package to a Softbank-led rescue package.
WeWork's preferred option is a roughly $5 billion financing package led by JPMorgan, which may include at least $2 billion of unsecured payment-in-kin
IPOs & Markets
WeWork had a deadline for completing a successful stock listing by year-end to secure a $6-billion loan.
They must also soothe anxious investors, leery of the company’s huge expenses, its history of unconventional governance structures and persistent in
The move is designed to salvage an IPO, which had been met with scorn from public investors.
The win for Nasdaq is also less sweet than it would have been six months ago, when WeWork was still touting a $47 billion valuation in the private mar
Its lead financial advisers, JPMorgan and Goldman Sachs, have concerns about proceeding with an IPO that could value the company as low as $15 billion
Anbang bought the properties’ owner, Strategic Hotels & Resorts Inc., from Blackstone Group Inc. for about $5.5 billion in 2016.
SoftBank Group Corp. and its affiliates own about 29% of WeWork ahead of its IPO.
Oxford, the real estate arm of Canadian pension fund OMERS, is expected to retain a minority stake in the assets and manage the properties.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.