WeWork’s Valuation Is Set Ahead Of IPO
It has been revealed that WeWork will receive a $47 billion valuation, making it apart of other privately-held decacorn startups.
We has expanded its services across numerous markets worldwide thanks to investment backing from major companies such as SoftBank, JPMorgan Chase, and Goldman Sachs.
The company has also started expanding outside of coworking with its residential arm WeLive and education arm WeGrow, allowing it to delve into various real estate sectors.
Despite the startup’s $1.9 billion loss and $1.8 billion revenue gain last year, We’s CFO Artie Minson is optimistic about the company’s performance as it gets closer to going public.
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