WeWork Moves Up IPO Date to September, Report Says
Previous estimates put the company’s upcoming initial public offering towards the end of 2019
Coworking company the We Company, formerly WeWork, has moved its initial public offering date to September, the Wall Street Journal first reported Tuesday. Previous estimates were that WeWork, which first filed its initial confidential prospectus with the U.S. Securities and Exchange Commission in December, will carry out its IPO towards the end of 2019. WeWork will disclose the date in August, the WSJ said.
WeWork is currently in the process of raising capital through a new bond offering, ahead of its IPO, to alleviate concerns from potential investors about its cash hemorrhage. A Reuters report put the requested sum at $5 billion to $6 billion.
WeWork co-founder and CEO Adam Neumann. Photo: Bloomberg