Wework is said to be considering cutting the valuation it will seek as a public company to below $20 billion and could postpone the float altogether.
The flexible office space provider, which is owned by the We Company, is planning to embark on an investor roadshow this week in which it will try to drum up interest in its shares with a lower targeted valuation, according to The Wall Street Journal.
The company’s underwriters are also planning to speak with investors about what changes may be necessary to make an initial public offering possible, as some push for a delay to the flotation.
A valuation below $20 billion would be a significant drop from Wework’s most recent private valuation of $47 billion, after several blockbuster…
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