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WeWork confidentially submits paperwork for IPO

WeWork confidentially submits paperwork for IPO
FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid   -   Copyright  BRENDAN MCDERMID(Reuters)
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(Reuters) – WeWork owner The We Company confidentially submitted a draft registration statement for its initial public offering with the U.S. Securities and Exchange Commission, the company said on Monday.

This process will enable WeWork to make the decision to become publicly traded, the company said.

(This story corrects paragraph 1 to say that company said on Monday, not filed on Monday)

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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