Deals
WeWork Targets $20 Billion to $30 Billion IPO Value
- Company weighs seeking $20 billion to $30 billion valuation
- IPO plans have received criticism for obscuring details
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WeWork’s initial public offering won’t be quite the celebration the office-rental unicorn once foresaw.
The New York-based startup is considering seeking a valuation of about $20 billion to $30 billion in the IPO, people with knowledge of the matter said. The range could end up closer to $20 billion, said one of the people, which would be less than half the valuation it secured from its biggest backer just a few months ago.