The We Company (wework): IPO ahead on the Nasdaq
(CercleFinance.com) - According to the Wall Street Journal (WSJ), The We Company, parent company of the "coworking" brand WeWork, has decided to float on the Nasdaq market.
However, the operation still looks like it will be somewhat difficult.
On 14 August, The We Company published the first prospectus ("F-1") ahead of its flotation, which raised questions about its business model. The WSJ also said that The We Company plans to radically change its governance, while until now, investors only had limited interest in the deal.
Time is running out because The We Company is considering an initial listing during the week of 23 September, adds the US business daily. The Wall Street Journal says that it is still possible that the group's initial capitalization falls below the 20 billion dollar mark, a far cry from the 47 billion dollars mentioned at a fundraising event held earlier this year.
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