WeWork Is Gearing Up For A Big IPO
The We Company, better known as WeWork, is preparing for an initial public offering.
They are backed by SoftBank.
The managed office company was last valued at $47 billion.
The company is losing billions.
Last year, both its revenue and losses doubled.
The company's CEO and cofounder is Adam Neumann.
He's known for his unusual pitches, accounting methods, and potential conflicts of interest.
He has also spent large amounts of WeWork's money on far-flung investments.
#Adam Neumann #The We Company #Initial Public Offering #Venture Capital #US Dollar #SOFTBANK INVESTMENT
By: WOCHIT | 3 weeks ago