Smart Buildings

WeWork Announces IPO Intentions

“The We Company (“WeWork”) announced that it has confidentially submitted an amended draft registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) relating to an initial public offering of its common stock. WeWork initially submitted its Form S-1 with the SEC in December 2018. This process will enable WeWork to make the decision to become publicly traded, subject to market and other conditions,” reads the entirety of a press release published this week by office-space-rental unicorn-startup WeWork as an under-detailed pre-announcement of its upcoming IPO. Launched in New York in 2010, WeWork began with the idea of providing flexible office and desk space to suit independent workers and startup companies of all sizes. In the nine years since its establishment, WeWork has raised over $12 billion in investment, largely from the Softbank Vision Fund, rebranded slightly, and diversified its service offering. The ‘We Company,’ as it is now called, includes flexible residential […]

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