Bloomberg has reported that WeWork could file for its initial public offering this week with rumors of a September debut.
This will shed light on the companyโs numbers and finances on a Generally Accepted Accounting Principles (GAAP) basis.
WeWork has been proven to be an unstoppable force, but itโs 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 companyโs value which is currently at $47 billion.
If WeWorkโs 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 companyโs model.
While it is untelling what the companyโs 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.
