Planning to launch its IPO roadshow today, WeWork’s parent is eyeing another valuation cut as some existing investors push the workspace company to shelve its upcoming offering, Dow Jones reports.
A valuation below the $20B level would be an even steeper drop from the $47B mark where We Co. (WE) last raised private capital this year.
Should We yank or postpone the IPO, it stands to miss out on nearly $10B (from the offering and debt that is contingent on the IPO), and would either need to find more cash or scale back its plans for further growth.
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