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BREAKING NEWS

WeWork looking to go public as early as September - source

WeWork looking to go public as early as September - source
FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid -
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BRENDAN MCDERMID(Reuters)
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By Joshua Franklin

(Reuters) – Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.

The company is expected to make its initial public offering paperwork public in August, the person said.

WeWork is also looking to raise $5 billion to $6 billion through a bond offering before the IPO, the person added, more than it had previously been looking to raise.

The developments were first reported earlier by the Wall Street Journal.

WeWork declined to comment,

WeWork’s parent, the We Company, will host an analyst day for Wall Street banks on July 31 as part of preparations for its IPO, Reuters reported last week.

While WeWork filed for an IPO with the U.S. Securities and Exchange Commission in December, it has yet to hire IPO underwriters, Reuters reported.

(Reporting by Joshua Franklin in New York; additional reporting by Sathvik N in Bengaluru; Editing by Sonya Hepinstall)

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