WeWork parent weighs slashing its valuation roughly in half to around $20 billion amid IPO skepticism, say people familiar with the matter

WeWork parent weighs slashing its valuation roughly in half to around $20 billion amid IPO skepticism, say people familiar with the matter This is a developing story…. www.wsj.com/articles/wework-parent-weighs-slashing-its-valuation-roughly-in-half-11567689174?mod=BNM&mod=breakingnews

WeWork, which rebranded to the We Company, is widely expected to go public as soon as September. WeWork was recently valued at $47 billion. The company reported revenues of $1.54 billion and a net loss of more than $900 million for the first six months of 2019.

WeWork is widely expected to hold its IPO as soon as next month, joining a flurry of tech companies that have gone public this year. The company, which recently rebranded … Read more