WeWork finalizes its IPO for September

July 23, 2019
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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.

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