WeWork owner The We Company on Wednesday published detailed financial statements...
- WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half of 2019 while revenue doubled, as it steps up preparations for an initial public offering next month.
The IPO, planned for as early as September, will be a test of investor appetite for fast-growing companies with massive losses at a time when stock markets are in turmoil because of the prolonged trade war between the United States and China. Among the disclosures in the filing, We Company reported a net loss of $904.65 million in the six months ended June, compared with a loss of $722.89 million a year earlier. Some $689.7 million of the losses were attributed to WeWork, by far its largest business division.To support that growth, We Company burned through $2.36 billion in cash, more than twice the amount it spent in the same period a year earlier.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'The energy of we': People are roasting WeWork for its cultish IPO filingThe opening to WeWork's S-1 IPO filing featured a distinctly cultish dedication to the 'energy of we.'
Baca lebih lajut »
WeWork shows widening losses in IPO filingWeWork owner The We Company on Wednesday filed with regulators for an initial pu...
Baca lebih lajut »
WeWork files for IPOThe Securities and Exchange Commission filing provides the first in-depth look at WeWork's financial results.
Baca lebih lajut »
WeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork released its much-anticipated IPO prospectus, joining a flurry of tech companies going public in 2019.
Baca lebih lajut »
WeWork IPO Filing Reveals Huge Revenue and LossesWeWork’s parent company unveiled the papers for its initial public offering, taking the next step toward the office-space firm’s debut as soon as September.
Baca lebih lajut »
WeWork-parent We Co. goes public with IPO filingWeWork-parent The We Co. has publicly filed for an initial public offering of common stock. The provider of shared office spaces said it will offer Class A...
Baca lebih lajut »