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The We Company is reportedly in talks with banks to secure a $2.75 billion credit line as its initial public offering approaches.
Bloomberg has reported that, although which banks are being considered for the financing, early WeWork investor JPMorgan is leading the talks.
These talks with Wall Street banks indicate that the company is getting closer towards what could be the second largest IPO this year, just after Uber. Often times, companies will provide banks that give them a large credit line with roles in the IPO.
