WeWork will reportedly raise billions selling debt before its IPO


WeWork will reportedly raise billions selling debt before its IPO
WeWork is reportedly preparing to raise between $3 billion and $4 billion in new debt financing before its expected initial public offering. The Wall Street Journal first reported the news on Sunday, citing sources familiar with the matter that said the debt pile could grew to as much as $10 billion over the next few years. WeWork filed confidentially for an IPO with the Securities and Exchange Commission in December 2018. WeWork — the provider of co-working spaces — might make a stop in the debt market on its way to an inital public offering. According to a new report from the Wall Street Journal, WeWork is looking to raise between $3 billion and $4 billion in debt before its goes public sometime in 2019 or 2020. ...more RSK: This will be interesting IPO to watch. They do not own hardly any of the properties they lease...just seems like a hollow business model.
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WeWork is reportedly preparing to raise between $3 billion and $4 billion in new debt financing before its expected initial public offering.
The Wall Street Journal first reported the news on Sunday, citing sources familiar with the matter that said the debt pile could grew to as much as $10 billion over the next few years.
WeWork filed confidentially for an IPO with the Securities and Exchange Commission in December 2018.

WeWork — the provider of co-working spaces — might make a stop in the debt market on its way to an inital public offering.

According to a new report from the Wall Street Journal, WeWork is looking to raise between $3 billion and $4 billion in debt before its goes public sometime in 2019 or 2020.

...more

WeWork will reportedly raise billions selling debt before its IPO

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