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WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execs

WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execs
AP Photo/Mark Lennihan



WeWork loaned $7 million to CEO Adam Neumann in 2016, the company revealed in its initial public offering paperwork.




Neumann paid back the loan in full in November 2017.




The revelation comes after a report from The Wall Street Journal revealed that Neumann had purchased buildings and leased them to WeWork — raising questions about whether or not doing so was a conflict of interest.




Read all of Business Insider's WeWork coverage here.




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WeWork, the buzzy office coworking company that just publicly revealed its paperwork for initial public offering on Wednesday, loaned $7 million to CEO Adam Neumann in 2016, the firm's S-1 document shows.
The loan was made in June of that year, which Neumann paid back in full in cash in November 2017.
WeWork's IPO has been one of the most anticipated market debuts of the year. The company, valued at $47 billion, is the most highly valued company to file for an initial public offering since ride-hailing giant Uber made its market debut in May.
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