WeWork said to target September for US$3.5 bil IPO

Bloomberg
Bloomberg7/24/2019 11:07 AM GMT+08  • 2 min read
WeWork said to target September for US$3.5 bil IPO
(July 24): WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year.
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(July 24): WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year.

The company is targeting a share sale of about US$3.5 billion ($4.8 billion), though that amount may change, said one of the people, who asked not to be identified because the plans were private.

The New York-based company, which rents office space to workers, has said it submitted its paperwork confidentially to US regulators in December. WeWork plans to to discuss its business with analysts on July 31, the person said.

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