SoftBank, WeWork's largest outside shareholder, has urged the company to postpone its embattled IPO process.
WeWork's bonds are sinking as investors are growing more concerned the company might slash its valuation or delay its initial public offering. WeWork's 7.875% notes maturing in 2025 slipped to 97.75 cents on the dollar on Tuesday, the lowest level since the company filed to go public in early August. The drop comes as the company's valuation has been under scrutiny from analysts and investors in recent weeks. Here's a roundup of Business Insider's WeWork coverage.
WeWork's bonds are sinking as investors are growing more concerned the company might slash its valuation or delay its initial public offering. WeWork's 7.875% notes maturing in 2025 slipped to 97.75 cents on the dollar on Tuesday, the lowest level since the company filed to go public in early August. The drop comes as the company's valuation has been under scrutiny from analysts and investors in recent weeks. Here's a roundup of Business Insider's WeWork coverage.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank urges WeWork to shelve IPO over valuation concerns: FTSoftBank Group , a top shareholder in the holding company of U.S. office...
Read more »
SoftBank reportedly asks WeWork to shelve IPOSoftBank, WeWork's biggest outside investor, is urging the startup to shelve its initial public offering, according to a Monday report from the Financial Times.
Read more »
IPO calendar points to busy September: WeWork, SmileDirect and Peloton on tapThe U.S. initial public offering market is gearing up for a busy fall with no fewer than five companies setting terms for their planned deals early Tuesday,...
Read more »
WeWork reportedly might slash its valuation below $20 billion, or even postpone its IPOInvestors are worried about the office space provider's path to profitability and CEO Adam Neumann's grip on the company.
Read more »
SoftBank may need to write down its stake in WeWork if the IPO is valued below $25 billion, Bernstein saysSoftBank could be forced to write-down its multi-billion dollar investment in WeWork if the company fetches an IPO valuation below $25 billion, analysts at Bernstein said.
Read more »
WeWork Parent Weighs Further Valuation CutWeWork’s parent is eyeing an IPO valuation that could fall below $20 billion as some investors push for a delay, people familiar with the matter say
Read more »