The We Company, the workplace startup formerly known as WeWork, said on Monday that in December it had confidentially filed to go public. Launched in New York in 2010, WeWork began by renting out office spaces at wholesales price and refurbishing them to create a shared workspace for companies and individuals looking for a place … Continued
Catalyst portfolio company WeWork signed a $3 billion warrant with SoftBank. SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 a share or higher, depending on whether WeWork goes public, is acquired or raises a $1 billion round before that date. No matter the outcome, the deal would value WeWork at at least $42 billion, according to the company.