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September 5, 2019 02:41 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Z_TVWtVI-9o/wework-weighs-slashing-valuation-by-more-than-half-amid-ipo-skepticism
WeWork Weighs Slashing Valuation by More Than Half Amid IPO Skepticism
WeWork's parent company is weighing a dramatic reduction in its valuation [alternative source] as it aims to go public while facing widespread skepticism over its business model and corporate governance, WSJ reported Thursday, citing people familiar with the matter. From the report: We is considering putting a price tag on its IPO that would value it somewhere in the $20 billion range, potentially at the low end, these people said, less than half of the $47 billion mark where it last raised private capital. Adam Neumann, We's co-founder and chief executive, flew to Tokyo last week to meet one of the company's biggest investors, SoftBank Group Chief Executive Masayoshi Son, and members of his team, the people said. There, they discussed the possibility of an additional infusion of capital, multiple people briefed on the meeting said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Z_TVWtVI-9o/wework-weighs-slashing-valuation-by-more-than-half-amid-ipo-skepticism
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