Bad timing for a raise - looking at 50% discount to market
WeWork’sparent company is exploring a dramatic reduction in its valuation as it aims togo public while facing widespread skepticism over its business model andcorporate governance, according to people familiar with the company’s listingplans and its recent talks with major investors.We Co. is considering putting a price tag that would value the company somewhere in the $20 billion range, potentially at the low end. That is less than half of 47 billion where it last raised private capital this year, making it one of the largest valuation comedowns in IPO history. (WSJ)
