WeWork IPO to kickoff as early as Monday

0
48

The WeWork initial public offering is full speed ahead, sources familiar with the matter tell CNBC’s David Faber, despite a number of a setbacks including a dramatic cut in its valuation and its biggest outside investor urging the controversial real estate company to shelve the offering.

The IPO roadshow is set to kick off as soon as Monday, the sources said.

WeWork’s parent is eyeing a valuation for its initial public offering that could fall below $20 billion as some existing investors push the workspace company to shelve the planned offering, people familiar with the matter said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here