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WeWork Could File For Its Initial Public Offering This Week

Bloomberg has reported that WeWork could file for its initial public offering this week with rumors of a September debut. Click To Tweet

This will shed light on the company’s numbers and finances on a Generally Accepted Accounting Principles (GAAP) basis.

WeWork has been proven to be an unstoppable force, but it’s inability to make a profit since its founding has left an impression on investors.

The coworking firm has seen a huge growth rate, and if it can post greater than 100% year-over-year revenue growth in Q2 of this year, it could boost the company’s value which is currently at $47 billion.

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If WeWork’s unprofitability continues to decrease as a percent of revenue quickly, analysts may be less critical of its history and investors may become more confident in the company’s model.

While it is untelling what the company’s worth will be and whether it will be able to live up to its private-market valuation, it is clear that WeWork is taking the steps to gain the trust of investors.

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

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