WeWork seeks US$20 billion-US$30 billion in IPO valuation: Streetinsider citing Bloomberg

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REUTERS: WeWork owner The We Company is seeking a valuation of between US$20 billion and US$30 billion in its planned initial public offering, ...

REUTERS: WeWork owner The We Company is seeking a valuation of between US$20 billion and US$30 billion in its planned initial public offering, Streetinsider.com reported on Thursday, citing Bloomberg, well below the US$47 billion it was worth at the start of the year.

The IPO will be a key test of investor appetite for fast-growing, money-losing start-ups, at a time when global concerns about the potential for recession and the trade war between the United States and China are fueling stock market volatility.

 

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