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WeWork owner The We Company joins IPO stampede

Updated : April 30, 2019 08:58 AM IST

WeWork, recently valued at $47 billion in a private fundraising round, said its amended IPO registration with the US Securities and Exchange Commission will help it decide if it is sure it wants to become a publicly traded company.
WeWork has helped pioneer 'coworking, or shared desk-space, with a focus on startups, entrepreneurs and freelancers, and has received significant backing from some of the world's biggest investors, including Japan's SoftBank.
In the first three quarters of 2018, WeWork posted a net loss of about $1.22 billion on revenue of $1.25 billion.
WeWork owner The We Company joins IPO stampede

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