The We Company, parent of flexible workspace operator WeWork, plans to host an a...
NEW YORK - The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering , people familiar with the matter said.
WeWork’s decision to host the event at this stage is unusual, given that IPO hopefuls have typically hired underwriters by the time they invite analysts from Wall Street banks to educate them about their company’s business. The hosting of the event at this early stage indicated that the New York-based start-up wants to leave nothing to chance after other high-profile IPOs struggled or were canceled this year, amid pushback from investors over the frothy valuations sought.
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