Post ad
LOGIN

Lost password? | Login trouble?

+


Jerusalem Life

| Softbank asks WeWork to halt IPO

Janglo News    
Wednesday, 11 September 11:25 AM

SoftBank, the largest external investor in shared workspace company WeWork, is asking the company to halt its IPO, according to a report in "The Financial Times".

WeWork has been in discussions with Softbank, its other shareholders, and its advisers on how to proceed with the flotation of parent company The We Company. The company has been criticized for its governance, its management culture, and payments to its Israeli co-founder and CEO Adam Neumann.

The company's advisers now estimate its valuation for the purposes of the IPO at $15-20 billion, about half the $47 billion valuation that the company published in January. If it halts the IPO, WeWork will lose some $6 billion that it received in investment from banks such as JP Morgan and Goldman Sachs, which were conditional on the flotation raising a further $3 billion from new investors.

Full Story (Globes)
         
FEATURED:

       PREMIUM BUSINESSES
Machon Stam
052-725-5017
Jerusalem
Jerusalem Dental - Dr. Simone Landau
02-625-6541
Jerusalem
23 reviews
Jerusalem Mobility Services
052-673-3704
Jerusalem
David Holstein - Lawyer And Family Mediator
02-533-3385 ; 052-240-6030
Jerusalem



Download Janglo for Android or iPhone



Janglo

Jerusalem's Best Jobs
Tel Aviv's Best Jobs
Jerusalem's Best Events
Jerusalem's Best Apartments
Jerusalem's Best Sales
Free Stuff in Jerusalem
About Janglo
Email Subscriptions
Contact Us
Advertise
FAQ

Privacy Policy
Advertising Contract Terms and Conditions

The eternal nation is not afraid of a long journey.

Alan R. Deutsch, CPA & Associates
02-999-2104
RBS, J'lem, TLV, RAA