WeWork Will Reportedly Go Forward With Its IPO

Reports have revealed that WeWork will go ahead with its IPO, despite pushback from its largest outside shareholder and financial backer SoftBank.

SoftBank and its Vision Fund have invested over $10 billion into the company and could face big losses if the company debuts with a valuation between $15 and $20 billion.

After the company’s August S-1 filing faced intense scrutiny from experts and the public alike, it slashed its valuation from $47 billion to around $20 billion.

WeWork’s IPO roadshow could begin as early as this week, according to CNBC.