The ipo of WeWork is complicated

Everything was planned. WeWork should introduce themselves to the New York stock Exchange at the end of September. By raising 3 billion dollars, the king of the

The ipo of WeWork is complicated

Everything was planned. WeWork should introduce themselves to the New York stock Exchange at the end of September. By raising 3 billion dollars, the king of the coworking aimed at a valuation of $ 47 billion. This was to be the second largest listing on Wall Street since the beginning of the year, behind Uber. And, as early as next week, its leaders wanted to do the tour of prospective investors.

"For investors, this lack of guarantee in leases is a risk because, one day or the other, the donor may return to the court against WeWork"

Meka Brunel, executive director of the land Gecina

But these days, these plans were thrown into disarray. According to sources close to the matter, the start-up of more than 500 sites in 29 countries (including France) has drastically revised its ambitions downward. Now, the american group who has popularized the offices shared no longer aimed at a valuation of roughly $ 20 billion. More than two-times less than initially planned. And, even at this price, the success of the operation is not assured. "Even at $ 23 billion valuation, it is difficult to imagine how this introduction on the stock Exchange ...

Updated Date: 10 September 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS