As WeWork prepares to IPO, analysts say so far it looks more like a real estate company than a tech company, and it's not safe from economic downturns.
, yet Waite notes that this valuation that is nearly identical to its minimum lease obligations of $47.2 billion.
While elements of its business are tech-enabled, it's not apparent from the filing that it really is a tech company -- and this will be a challenge when it presents itself in front of investors as a tech company, says Alejandro Ortiz, principal analyst at SharesPost.is truly a technology company," Ortiz told Business Insider."The bottom line is it leases out buildings for long periods of time. It provides flexible leases to its tenants.
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