SoftBank has a lot riding on performance of WeWork IPO

SoftBank has a lot riding on performance of WeWork IPO

Photo by Eloise Ambursley on Unsplash

SoftBank Group Corp. and its affiliates own about 29% of WeWork ahead of its initial public offering, an executive for the co-working company said in a meeting with analysts this week. The sizable stake, which hasn’t been disclosed publicly, indicates that the Japanese conglomerate’s fortunes are tied up in a big way to the performance of WeWork.

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