WeWork Considers Dropping Valuation Below $20 Billion: Dow Jones
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WeWork is considering a valuation for its initial public offering that may be below $20 billion, Dow Jones reported, citing people familiar with the matter.
The office-sharing company has plans to begin a roadshow for new investors as early as Monday. But its parent company, We Co., and its underwriters are planning to hold meetings this week with investors to figure out the changes that may be needed to pull sufficient demand for a share sale, Dow reported. Some investors are pushing the company to postpone the IPO, the news service said.