WeWork’s convoluted ownership structure, conflicts of interest and massive cash burn have provided one of the most convincing cases for avoiding an IPO, writes rob_cyran.
The We Company on Aug. 14 revealed its prospectus for its initial public offering. The shared-office provider has not yet decided how much stock to sell, or at what price. The company had revenue of $1.5 billion in the first six months of the year and an operating loss of $1.4 billion. That compares to revenue of $764 million, and an operating loss of $678 million in the same period last year.The company will have three classes of stock.
The We Company owns an interest in the We Company Partnership, a subsidiary, along with certain members of management. Holders of partnership interests in the We Company Partnership receive class C shares.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'The energy of we': People are roasting WeWork for its cultish IPO filingThe opening to WeWork's S-1 IPO filing featured a distinctly cultish dedication to the 'energy of we.'
Leer más »
WeWork shows widening losses in IPO filingWeWork owner The We Company on Wednesday filed with regulators for an initial pu...
Leer más »
WeWork files for IPOThe Securities and Exchange Commission filing provides the first in-depth look at WeWork's financial results.
Leer más »
WeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork released its much-anticipated IPO prospectus, joining a flurry of tech companies going public in 2019.
Leer más »
WeWork IPO Filing Reveals Huge Revenue and LossesWeWork’s parent company unveiled the papers for its initial public offering, taking the next step toward the office-space firm’s debut as soon as September.
Leer más »
WeWork-parent We Co. goes public with IPO filingWeWork-parent The We Co. has publicly filed for an initial public offering of common stock. The provider of shared office spaces said it will offer Class A...
Leer más »