At a $20 billion IPO valuation, WeWork would be worth less than half the $47 billion private valuation assigned to it in January.
WeWork's parent company is considering slashing its IPO valuation to less than $20 billion, the Wall Street Journal reported on Sunday.
At that level, WeWork would be worth less than half the $47 billion private valuation assigned to it in January. The company has been meeting with advisors and shareholders about the possibility of shelving the IPO.David 'Dee' Delgado | Bloomberg | Getty ImagesWall Street JournalAt that level, WeWork would be worth less than half the $47 billion private valuation assigned to it in January. Since WeWork unveiled its IPO prospectus last month, the company hasWeWork, which rebranded to The We Co.
The IPO itself is also up in the air, as the company has been meeting with advisors and shareholders about whether to move forward with going public later this month,The company continues to face criticism around its corporate governance, particularly how WeWork CEO Adam Neumann controls a majority of the voting rights of the company, as well as its ballooning losses and a controversial trademark payment, which involved $5.
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