WeWork IPO valuation likely below $20 billion, clouding SoftBank's vision2 min read . Updated: 10 Sep 2019, 07:33 PM IST
- Valuation for WeWork IPO could be as low as $15 billion-$18 billion
- SoftBank urges WeWork to shelve the IPO due to tepid investor demand
WeWork owner The We Company is weighing slashing the valuation of its forthcoming IPO to below $20 billion, two sources said, in the latest headwind for leading shareholder SoftBank Group whose key group portfolio firms have tumbled in value.
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