The doubts raised by its business model and the losses of the matrix of the multinational office rental and coworking spaces would be behind this drastic valuation reduction that is being considered for the company's IPO.
In this way, the public sale offer (OPV) would be around 20,000 million dollars, compared to the 47,000 million valuation achieved a few months ago, at the end of a round of financing. A possibility that sounds strong and that would be a sample of doubts about the absence of concrete plans in the company to move towards profitability.
It should not be forgotten that this year, other companies such as Uber or Lyft also encountered problems in "transferring" the prices achieved in previous private financing rounds to the markets.
So far, The We Company has not yet started its' road show 'process prior to the IPO to push investors' interest, but it is expected to do so shortly.
In the last exercise, the The We Company losses have reached 1.610 million dollars, almost double that in the previous year. On the other hand, its turnover has gone from 886 million in 2017 to just over 1.8 billion at the end of 2018.
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https://dirigentesdigital.com/bolsas-y-mercados/wework-saldra-a-bolsa-valorada-a-la-mitad-HD1566229
