Advertisement
Back To Daily Digest
Tags: BUSINESS

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. 

The Latest News
Delivered To Your Inbox

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 de San José
Cecilia Amador de San José

Cecilia Amador de San José, 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 de San José

Latest on Daily Digest

Unilever To Launch Four-day Work Week Experiment

What To Expect From Remote Working Policies

Office Real Estate Is Evolving

Long-term Leases Taking A Hit Due To COVID-19

How AI Could Hinder Workplace Performance

Agility Will Be Essential To The Future Of Work

Why Are Women Leaving The Workforce?

Offices Will Look Vastly Different In The Future

It May Take Years For The Office Market To Rebound

Savills India Anticipates Drop In Coworking Leases

Ad
Advertisement

FOLLOW US

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