te WeWork looking for $2.75 billion credit line ahead of IPO | Zee Business

WeWork looking for $2.75 billion credit line ahead of IPO

Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter. 

WeWork looking for $2.75 billion credit line ahead of IPO
In April, WeWork filed confidentially with the U.S. Securities and Exchange Commission for an IPO and was last valued at about $47 billion in a series of private fundraisings. Reuters

Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter. JPMorgan Chase & Co is leading the potential financing, Bloomberg said. 

WeWork declined to comment, while JPMorgan did not immediately respond to a request for comment. The company is currently preparing for a stock market listing, which could be the largest IPO after ride-hailing firm Uber Technologies.

In April, WeWork filed confidentially with the U.S. Securities and Exchange Commission for an IPO and was last valued at about $47 billion in a series of private fundraisings.

Written By: Reuters
Updated: Thu, May 30, 2019
06:47 am
New Delhi, Reuters
RELATED NEWS
Why WeWork failed, and what is next Why WeWork failed, and what is next
SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x