Monday, April 29, 2019

"The We Company, better known as WeWork, files confidentially for IPO"

From CNBC:
  • The We Company, better known as WeWork, filed confidentially for an IPO.
  • The company did not reveal financial information in the filing, but in a presentation previously shared with CNBC in March, The We Company said it had a net loss of $1.9 billion on $1.8 revenue in 2018, and a net loss of $933 million on $866 million in revenue in 2017.
  • The company joins a growing list of tech firms that have filed to go public this year.

Also at the Financial Times