Advertisement
Back To Daily Digest
Tags: BUSINESS

Can We Still Expect To See A WeWork IPO This Year?

After WeWork’s biggest backer SoftBank dropped its proposed $16 billion investment down to $2 billion, the company’s $47 billion valuation also dropped. The major coworking firm is expected to file for an IPO this year, which is now currently valued at $20 billion.

Despite this, WeWork’s CEO Adam Neumann claims that the reduced funding will not have an affect on their IPO after it gained about $2.5 billion in revenue, but the date of the company going public is still a mystery.

Such losses may continue to widen as the firm focuses on growth, which could be a concern for many investors.

The Latest News
Delivered To Your Inbox

WeWork’s original valuation was met with great skepticism, and now even investors from SoftBank are having their doubts of the company’s sustainability.

In addition to it’s valuation dropping, its bond trading value has also dropped and is currently trading at 86 cents on the dollar as the company has yet to become profitable over the past decade.

While it burns through its big investments, WeWork continues to grow rapidly and its IPO round it still expected to be successful. It currently has over 500 locations worldwide and in 2018, it doubled its memberships to 372,000.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Latest on Daily Digest

Coworking Is Becoming The Top Choice For Workers

HR’s Role In Preparing For The Future Of Work

Niche Coworking Is The Key To Success

Remote Working Has Officially Become The Norm

The Top Flexible Workspace Trends For The UAE

Flexible Working Is Helping Create Jobs In Africa

New Coworking Space To Open In Tucson

How To Implement An Effective Open Office

WeWork Sells Off More Of Its Acquisitions And Stakes

Ad
Advertisement
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement

POPULAR ARTICLES

Advertisement
Advertisement

Stay On Top Of Your Game!

Subscribe To The Largest Publication On The Future Of Work And Receive Our TOP 10 News Stories Every Friday, Among Other Cool Stuff. 100% FREE

leaving so s0on?

Get A Free Subscription To Our Weekly Premium Publication

If It’s Affecting The Future Of Work, You’ll Know About It.