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WeWork could cut its valuation in half to about $20 billion a?? and it might delay its IPO (WE)

WeWork could cut its valuation in half to about $20 billion a?? and it might delay its IPO (WE)
Reuters



WeWork's parent company is considering a valuation of around $20 billion for its IPO, according to reports from The Wall Street Journal and Bloomberg.




That would amount to roughly half of WeWork's $47 billion valuation.




Softbank, one of the company's biggest investors, may infuse more capital in WeWork.




A further Softbank investment could allow WeWork to delay its IPO until 2020, the Journal reported.




Visit Business Insider's homepage for more stories.



WeWork's parent company the We Company is eyeing a valuation of around $20 billion in its initial public offering, according to reports from Bloomberg and The Wall Street Journal — a dramatic drop in value of around 50% compared to its most recent valuation.
The company could also delay its IPO to 2020, according to The Journal.
The Journal's report pegs the possible valuation at around $20 billion, while Bloomberg says the firm is considering a valuation between $20 billion and $30 billion in its IPO. The Journal, however, reports that the valuation could land closer to the low-end range in the $20 billions. That would amount to roughly half of the company's most recent valuation, which Pitchbook lists as $47 billion.
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