WeWork Parent Company Files Confidentially for an IPO
The We Company, parent of shared workspace firm WeWork, has filed for an IPO, the company said on Monday.
The company confirmed in a press release that it filed its S-1 paperwork confidentially in December 2018. It didn't specify any further details about its IPO plans, however.
WeWork, a network of shared workspaces that renamed itself the We Company when it expanded into other businesses such as education and residential real estate, was valued at $45 billion in its last funding round in 2018. Its largest investor is SoftBank (SFTBY) , which committed $3 billion to WeWork in that investment round.
The company joins a slew of highly-valued tech companies that have recently gone public or plan to soon, including Lyft (LYFT) - Get Report , Pinterest (PINS) - Get Report , Zoom (ZM) - Get Report and Uber.
