WeWork: The Last Unicorn or a Black Sheep?
Some say a troubled IPO could mark the end of an era in technology, but it’s more likely to be written off as an anomaly.
Photographer: Jillian Ward/Bloomberg
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The We Co. roadshow is set to begin this week, perhaps as soon as today. Such corporate processionals through the ranks of blue-blooded Wall Street institutions are usually a triumph for buoyant, young companies. WeWork’s roadshow, on the other hand, will likely more closely resemble Cersei Lannister’s humiliating march to the Red Keep in Game of Thrones.
Shame! WeWork’s valuation, $47 billion in a private funding round last January, could be set as low as $12 billion.