Topline: WeWork parent firm We Co is considering slashing its share offering by half, which could take the company’s valuation to $20 billion in its anticipated IPO and far below the $47 billion that the fast-growing real estate firm, with hundreds of office-sharing spaces worldwide, was valued at in January.
- According to reports, the company’s financial advisors could seek a valuation of $20 billion to $30 billion in its initial public offering. It is not yet known whether We Co will advance with its IPO this month as planned following its filing in August, or delay it.
- Concerns around corporate governance and the nine-year-old firm’s business model have been previously raised, including founder and CEO Adam Neumann borrowing millions of dollars from the firm at a low interest rate, to buy property for WeWork to lease. Click to read more at www.forbes.com.