As WeWork's troubled market debut is delayed, The We Company told investors they can expect a big debut on Wall Street by the end of the year
- WeWork owner The We Company said on Monday it expected to complete its initial public offering by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month.
The company has been under pressure to proceed with the stock market flotation to secure funding for its operations. Reuters reported last week that We Company might seek a valuation in its IPO of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January.
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