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WeWork to Raise Up to $4 Billion in Debt Ahead of IPO

Coworking giant, WeWork, is reportedly looking to raise up to $4 billion in debt before it goes public. Click To Tweet The company hopes that with this move, investors will have more confidence in the company, especially as the company’s sky-high valuation has been questioned amid low-performing unicorn IPOs. 

Uber Technologies and Lyft went public this year with lofty valuations and both companies faced criticism from investors about their losses and lack of profitability. Last year alone, WeWork reported losses of almost $2 billion and after 10 years in operations it is yet to be profitable. 

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If WeWork is successful in raising debt ahead of its IPO, the money could help the company grow “as big as $10 billion over the next few years”, a source familiar with the matter said. The coworking giant has met with Goldman Sachs and JPMorgan Chase to discuss the debt offering.

ABOUT Cecilia Amador
Cecilia Amador

Ceci Amador, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces. If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). View all posts by Cecilia Amador

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