WeWork owner The We Company said on Monday it had filed for an initial public of...
- WeWork owner The We Company said on Monday it had filed for an initial public offering with U.S. regulators, the latest in a swarm of U.S. startups planning a stock market debut this year.
“After a lot of thought, last week we decided to file the first amendment to our submission, which is a step towards allowing us to decide to become a public company,” Chief Executive Adam Neumann wrote to staff in a memo seen by Reuters. WeWork has helped pioneer “coworking,” or shared desk-space, with a focus on startups, entrepreneurs and freelancers, and has received significant backing from some of the world’s biggest investors, including Japan’s SoftBank.
The New York-based company, founded in 2010, said in January it would operate under a new name, The We Company, which would operate separate business units that lease commercial office space, rent out residences and run schools.
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