WeWork owner considers slashing IPO valuation to below $20b

WeWork owner considers slashing IPO valuation to below $20b

Photo by Eloise Ambursley on Unsplash

WeWork owner The We Company is weighing slashing the valuation of its forthcoming IPO to below $20 billion, two sources said, in the latest headwind for leading shareholder SoftBank Group (9984.T) whose key group portfolio firms have tumbled in value.

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