August 2019

WeWork to Go Public Despite Near $1 Billion Loss This Year

The filing, which would be under the title "WE," could happen as soon as September. For the IPO, CNN Business reports that The We Company, WeWork's parent, is looking to raise $1 billion. WeWork is growing fast, but the shared-space business revealed that it has lost $904 million in 2019's first six months. That is a jump of 25% from the first half of 2018. Still, WeWork has been able to generate $1.5 billion in revenue for 2019 with 56% of that coming from the U.S. The New York-based WeWork, which was founded in 2010, now operates in over 100 cities worldwide. According to CNBC, $47 billion was its most recent total value. We have grown significantly since our inception. Our membership base has grown by over 100% every year since 2014. , WeWork, via IPO filing