WeWork, the co-working spaces company valued at $47 billion, has quickly matured and plans to go public with its initial public offering as early as next week, according to Business Insider, making this the first time the company has revealed its full financial landscape.
The company filed documentation for an IPO with the U.S. Securities and Exchange Commission in April.
Initially, the New York-based company planned to go public last December, but after an unexpected round of funding, it expedited reports for listing on the exchange in September.
Sources close to the company say they are ready to go public even sooner, according to the Bloomberg report.
MORE FROM FOXBUSINESS.COM…Since its founding in 2011, the workshare company has raised $10 billion in venture and debt funding.
The company lost $1.9 billion in 2018, up from $933 million the prior year.
Still, the company has been growing exponentially both in the U.S. and overseas, with Mexican real estate company Fibra Uno being its biggest landlord.