IPOs & Markets
The US office-sharing startup was getting ready to launch an investor road show for its IPO this week.
The We Company may seek a valuation in its upcoming IPO of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it ac
WeWork’s planned listing follows weak initial trading at other startups including Uber Technologies Inc and Slack Technologies Inc, both backed by S
Aramco is likely to give IPO roles to Citigroup, Goldman Sachs Group, HSBC Holdings and Samba Financial Bank.
A big drop in We Company's valuation would be a blow to its existing investors, including its biggest backer, Japan's SoftBank Group Corp.
The IPO will be a key test of investor appetite for fast-growing, money-losing startups.
The company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even as its revenue doubled to $1.54 billion.
Earlier this week, Wanda Sports had cut the size of its IPO to up to $308 million from a previous size of up to $500 million.
WeWork is looking to raise $3-$4 billion in debt before it goes public.
The firm was reportedly struggling to secure enough demand from long-term investors.
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