Neumann is expected to sell a little under $1 billion of stock to the Japanese investment firm as part of the deal,
The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January.
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
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.
IPOs & Markets
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
WeWork, which filed to go public last month, is targeting a share sale of about $3.5 billion.
WeWork is looking to raise more than $3.5 billion, which would make it the second-largest U.S. IPO this year.
Securing a credit line from Wall Street often precedes an IPO.
WeWork said in April it had filed paperwork confidentially with the US SEC for an IPO.
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