The Uncomfortable Truth About Going Public With a Money-Losing Business: Term Sheet for Tuesday, April 306

WeWork (also known as The We Company) is planning to go public. The co-working giant has filed paperwork confidentially with the SEC to conduct an initial public offering in the near future.

The company was most recently valued at $47 billion following a SoftBank investment, which would likely make it the second largest IPO this year after Uber. In an email to the staff, WeWork CEO Adam Neumann wrote: "As one of the world's largest physical networks, it is our responsibility to help lead the way and set the global example for people and corporations on how we should take care of each other and of our planet."

Original source
http://fortune.com/2019/04/30/term-sheet-tuesday-april-30/

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