- WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday.
Growing investor skepticism over We Company’s lack of a roadmap to profitability, and its co-founder Adam Neumann’s firm grip on its governance, are weighing on its IPO prospects. The sources cautioned that no final decision on beginning the roadshow has been taken and the plans are still subject to change. We Company declined to comment.
The New York-based company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even though its revenue doubled to $1.54 billion, as it burned through cash to expand. Complicating matters further, the company is looking to go public against a turbulent market backdrop, with the U.S.-China trade war making for the worst August for U.S. stocks in four years.
Another scam IPO
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mikeroweworks at least someone does.
Yolo
Hahaha now they america people steal we chinese intellectual property because WeWork have sound like WeChat and very famous so must be to pay compensation and benefits of apologize of it, haishi we chinese boycott they
Work work aynen iş bekler canlarım♥️🔺👁️👌
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WSJ News Exclusive | WeWork Weighs Slashing Valuation by More Than Half Amid IPO SkepticismWeWork parent weighs slashing its valuation roughly in half to around $20 billion amid IPO skepticism, say people familiar with the matter So you mean they were trying to rip off the public to the tune of 20 billion ? Isn't that that a felony , or is 20 billion only a misdemeanor ? Probably worth next to nothing from the smell of it wework weplay wescam it's a cashburn ponzi -- it shouldn't even have an IPO. poor muppets will get decimated again on this fraud unicorn. Now subtract 20 more.
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WeWork targets IPO value of $20 billion to $30 billionThe figures would mark a decline from the $47-billion valuation WeWork achieved earlier this year from an investment by SoftBank Group Corp., its biggest backer.
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WeWork mulls slashing IPO valuation as skepticism rises over business model: sourcesWeWork owner The We Company is considering slashing the valuation it will seek i...
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WeWork may cut its IPO valuation by billionsWeWork, one of the most high-profile tech companies that has filed to go public this year, is now weighing whether to cut its targeted IPO valuation drastically, according to multiple news outlets What about the Clintons Murdering hundreds of people known as 'Suicides' in the 90s... ClintonBodyCount ClintonCabal You guys are a joke. The enemy of the people cut away.. we're not buying anyway
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WeWork is dramatically slashing its IPO valuation because of weak demandthatkneegro Weren't you just talking about them the other day? Lol That's got to be a leading indicator of something amiss with the economy, especially in IT. I notice IT was down 6000 jobs in today's ADP report.
Source: CNBC - 🏆 12. / 72 Read more »