WeWork IPO filing accelerated: What you need to know
....MOREWeWork, the co-working spaces company valued at $47 billion, has quickly matured and plans to go public with its initial public offering as early as next week, according to Business Insider, making this the first time the company has revealed its full financial landscape.The office-sharing startup plans to raise more than $3.5 billion, Bloomberg reported, making it the second-largest IPO of the year, after Uber. The company filed documentation for an IPO with the U.S. Securities and Exchange Commission in April. Initially, the New York-based company planned to go public last December, but after an unexpected round of funding, it expedited reports for listing on the exchange in September. Sources close to the company say they are ready to go public even sooner, according to the Bloomberg report.In the months after, co-founder and CEO Adam Neumann was criticized when it was reported he sold shares he owned in the company and took loans worth $700 million to invest in additional real estate and other startups. His liquidation of assets sent potentially mixed signals to investors seeking the highly-anticipated IPO. However, an anonymous source told the Wall Street Journal that Neumann's borrowing against his stake proves he is confident in the co-working giant's long-term success....
