WeWork files to raise $1B in an IPO, reports a $904M net loss on around $1.5B in revenue for first half of 2019
WeWork on Wednesday filed to raise $1 billion in an initial public offering, although the ultimate offering amount is expected to be at least three times larger.
Axios Dan Primack
Related Coverage
- WeWork IPO filing hypes transformative workplace potential to rationalize massive losses VentureBeat · Chris O'Brien
- WeWork files for IPO, revealing spiraling losses of $1.6 billion Business Insider
- WeWork's IPO Filing Reveals Revenue Growth and Cash Burn Fortune · Claire Zillman
- View article Vox
- WeWork S-1, building marketplaces, improving content marketing, and the demise of Tumblr TechCrunch · Danny Crichton
- WeWork IPO Filing Reveals Huge Revenue and Losses Wall Street Journal · Maureen Farrell
- WeWork's S-1 misses these three key points TechCrunch · Danny Crichton
- WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses New York Times · David Gelles
- WeWork just filed for its IPO, and revealed a lengthy list of risk factors that investors should be aware of Business Insider · Ben Gilbert
- WeWork IPO: Revelations from the prospectus Financial Times
- WeWork Files Its S-1: The Big Numbers Crunchbase News · Alex Wilhelm
- WeWork warns it may have violated the Securities Act when its CEO gave interviews in May CNBC · Annie Palmer
- WeWork IPO filing: Losses, risks, and platitudes Fast Company · Christopher Zara
- WeWork Submits IPO Plan, Showing $690 Million Loss in First Half Bloomberg
- WeWork losses jump as $3bn-plus offering launched Financial Times · Eric Platt
- WeWork reveals IPO filing TechCrunch · Kate Clark
- WeWork's IPO Filing Details Steep Revenue, Loss Growth PYMNTS.com
- WeWork just dropped its filing to go public, revealing its financials ahead of IPO CNBC · Annie Palmer
Discussion
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Vox
Rani Molla
on x
How WeWork is trying to justify its tech company valuation
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@pkafka
Dumb
on x
WeWork vs IWG, an office real estate company you've never heard of that actually makes money. https://www.vox.com/... https://twitter.com/...
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@kifleswing
Kif
on x
i see wework didn't list that all of its locations have the same wifi password as a risk factor
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@rstephens
Robert Stephens
on x
Place your bets. I have never wanted to short a stock so much in my life. https://twitter.com/...
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@djtgallagher
Dan Gallagher
on x
Real estate company that burns cash like a tech startup aiming to go public next month - while stocks still at their highs. @maureenmfarrell for @WSJ on WeWork's IPO filing - https://www.wsj.com/...
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@seldo
Laurie Voss
on x
For every $1 WeWork makes it spends $1.60. https://www.axios.com/...
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@ranimolla
Rani Molla
on x
Three sentences into WeWork's “our story” section of its IPO filings and I have no idea what it does: “Our mission is to elevate the world's consciousness”
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@annawiener
Anna Wiener
on x
“We are a community company committed to maximum global impact. Our mission is to elevate the world's consciousness.” It's my fault for reading an S-1 before coffee, but all this suggests to me is that WeWork will pivot to ayahuasca retreats by 2022
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@ericnewcomer
Eric Newcomer
on x
SoftBank has invested/committed $10.65 billion to WeWork through various financial instruments since the start of 2017
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@anthony
Anthony DeRosa
on x
WeWork S-1 finally drops. Net losses of $0.4 billion, $0.9 billion and $1.9 billion for 2016, 2017 and 2018 for years ended Dec 31 Net losses of $0.7 billion and $0.9 billion for the six months ended June 30, 2018 and 2019 Will trade under $WE https://www.sec.gov/...
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@kateclarktweets
Kate Clark
on x
From the S-1: “It took us more than seven years to achieve $1 billion of run-rate revenue, but only one additional year to reach $2 billion of run-rate revenue and just six months to reach $3 billion of run-rate revenue.” https://techcrunch.com/...
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@tculpan
Tim Culpan
on x
Another sign of SoftBank's sway at WeWork: ‘The “Asia JVs” include ChinaCo, JapanCo and PacificCo. JapanCo and PacificCo are prohibited from declaring dividends (including to us) without the approval of an affiliate of Softbank Group Capital Limited.’
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@zerohedge
@zerohedge
on x
Number of times WeWork S-1 uses word “community”: 150
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@zerohedge
@zerohedge
on x
There are 86 graphics in the We prospectus