WeWork’s IPO Reportedly Planned for September

WeWork office space/ photo credit: The We Company

NEW YORK CITY—In April, WeWork announced that in December 2018 it had filed paperwork for an IPO of its common stock. The Wall Street Journal has reported that the flexible office space provider is planning to go public in September. The news outlet stated that WeWork is meeting with banks to negotiate an asset-backed loan and is expecting to raise $5 billion to $6 billion. The debt would reduce the amount the company would need to raise in its IPO.

The WSJ noted one reason for the launch that’s earlier than what many investors expected is the strong US stock market and “executives at WeWork are worried that the good times won’t last.”