Home Uncategorized WeWork lost $3.2 billion last year: Financial Times By Reuters

WeWork lost $3.2 billion last year: Financial Times By Reuters

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© Reuters.

(Reuters) – WeWork lost $3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for $1 billion in investment and a stock market listing, the Financial Times https://ift.tt/397n3Dn reported on Monday.

The documents described losses narrowed from $3.5 billion in 2019 and that the company plans to go public at a valuation of $9 billion including debt, through a merger with a special purpose acquisition company, the report said.

WeWork declined to comment on the report.

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