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.