WeWork looks to be burning cash faster than it can be replaced. Without the proceeds of an IPO, the company may not last long. LiamWardProud
SoftBank, a leading shareholder in the holding company of U.S. office-sharing startup WeWork, has urged the group to shelve a planned initial public offering over concerns about the valuation, the Financial Times reported on Sept. 9.
The We Company has considered slashing its IPO valuation to a little over $20 billion, Reuters previously reported. SoftBank invested earlier this year in the group at a $47 billion valuation.
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