The We Company has a microscope on it as it has officially filed paperwork with the Securities and Exchange Commission to go public. Now, many are wondering whether its numerous investors, particularly SoftBank, made the right decision in backing the company.
SoftBank’s Vision Fund valued the startup at $47 billion, which has helped with WeWork’s heavy spending despite it recently revealing that it lost $1.9 billion, but gained $1.82 billion in revenue.
JPMorgan Chase, Harvard Management Co., hospitality company Jin Jiang International Holdings, private equity fund Hony Capital, and Legend Holdings also own stakes in the company.
The We Company plans on attracting public investors by showcasing its rapid expansion and diversification, as well as its acquisition of tech companies and retail branches.