WeWork Is Reportedly Gearing Up For Its IPO Roadshow

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WeWork will reportedly kick off its IPO roadshow as soon as next week as it sets up meetings with potential investors in their large markets like New York and San Francisco.

The company is seeking a share sale of about $3.5 billion and has secured a letter for a credit facility of as much as $6 billion, which is contingent on a successful iPO.

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WeWork’s prospectus was met with much scrutiny, due to its losses of $2.9 billion in the past three years, as well as $690 million in losses in the first half of 2019. Its revenue had more than doubled to $1.8 billion in 2018 compared to the $886 million from the previous year.

The offering is being led by JPMorgan Chase & Co. and Goldman Sachs Group Inc.

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