Financial Times, Wework, Billion

Financial Times, Wework

WeWork lost US$3.2 billion last year: Financial Times

WeWork lost US$3.2 billion last year: Financial Times

23/3/2021 12:11:00 AM

WeWork lost US$3.2 billion last year: Financial Times

WeWork lost US$3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for US$1 ...

BusinessWeWork lost US$3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for US$1 billion in investment and a stock market listing, the Financial Times https://www.ft.com/content/46561422-9edd-4b3b-959c-85754a381d9d reported on Monday.

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FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo23 Mar 2021 05:00AMShare this contentBookmarkREUTERS: WeWork lost US$3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for US$1 billion in investment and a stock market listing, the Financial Times https://www.ft.com/content/46561422-9edd-4b3b-959c-85754a381d9d reported on Monday.

The documents described losses narrowed from US$3.5 billion in 2019 and that the company plans to go public at a valuation of US$9 billion including debt, through a merger with a special purpose acquisition company, the report said.AdvertisementWeWork declined to comment on the report. headtopics.com

(Reporting by Uday Sampath in Bengaluru; Editing by Aditya Soni) Read more: CNA »

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