We Company reportedly mulls slashing its valuation ahead of its initial public offering

TechCrunch | 9/5/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/02/GettyImages-1062305596.jpg?w=533

Since filing for its initial public offering earlier this summer, questions have swirled around the viability of The We Company (as it’s now known).

According to the Journal, the company’s chief executive officer and co-founder Adam Neumann flew to Tokyo last week to meet with SoftBank Group — one of the company’s largest investors.

Neumann - SoftBank - Investment - Company - Anchor

Neumann went to see if SoftBank would make another investment into the company — reportedly coming in as an anchor investor for the public offering and taking a big bite of the $3 billion to $4 billion the company was looking to raise. Neumann also reportedly discussed using SoftBank cash to delay the public offering until 2020.

A few billion here and a few billion there, and soon you’re talking about real money.

SoftBank - Cash - Company - Offering - Company

SoftBank has already balked at putting more cash into the We Company ahead of the public offering, and it’s not clear whether the company will...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Do you exist for Something or Nothing?
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!