Market Overview

WeWork's We Company To List On Nasdaq

WeWork's We Company To List On Nasdaq

WeWork's We Company has filed S-1 paperwork and plans to list on the Nasdaq.

We will officially begin marketing the shares to investors next week ahead of a trading debut the week of Sept. 23, according to The Wall Street Journal. The company is also expected to set a price range next week.

We and its advisers are targeting a valuation that could slip below $20 billion, which is lower than the $47 billion valuation set in a funding round earlier this year.

Invest in IPO shares before the stock hits the market with ClickIPO. Check it out here

In a recent interview with CNBC, Yale's management expert Jeff Sonnenfeld openly criticized WeWork. He explaining it has raised more than $12 billion in cash throughout its history, and it's unclear how the company "pumped up" that number to its valuation of nearly $50 billion

Sonnenfeld said WeWork's valuation explosion is a "form of a Ponzi scheme," as the business loses money for each new client it gains.

Related Links:

Management Pro: Too Much Is Wrong With WeWork

SmileDirectClub Execs Focused On Long-Term Growth, Not Big First Day Drop

Posted-In: Jeff Sonnenfeld We Company WeWorkNews IPOs Best of Benzinga


Related Articles

View Comments and Join the Discussion!

9 Technology Stocks Moving In Friday's Pre-Market Session

LA Chargers Announce 'Chargers Lux,' A Premium Membership Program For Suite Owners