WeWork finalizes its IPO for September

July 23, 2019
Share this Post: 

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The company was valued at $47,000 million (42,064.1 million euros) in a recent round of financing. However, the company has been the subject of numerous debates about the sustainability of its model.

WeWork is preparing to go public. The coworking rental company expects to jump to the floor in September, according to Reuters. For this, the company is expected to publish its public offering documents in August.

In the context of preparing for the company's IPO, WeWork will organize an analyst day for Wall Street banks at the end of July. In parallel, the company founded by Adam Neumann is seeking to raise between $5,000 and $6,000 million (4,474.9 and 5,369.9 million euros) through a bond offering.

WeWork was valued at $47,000 million (42,064.1 million euros) in a round of financing, which makes it one of the most valuable private companies in the world. However, the company has been the subject of numerous debates about the sustainability of its model.

The company closed 2018 with losses of $1,930 million (1,706 million euros), double that of the previous year. The main reason was the large investment destined to its expansion on a global scale, which also allowed it to double its income, up to $1,820 million (1,609 million euros).

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Conference 2019 November 13-15

July 23, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News