Home / Tech / WeWork's IPO filing will reportedly be revealed as soon as next week, giving us our best look yet at its business

WeWork's IPO filing will reportedly be revealed as soon as next week, giving us our best look yet at its business

Adam Neumann WeWork Presents The San Francisco Creator Awards At The Palace of Fine Arts Theatre

  • Coworking space startup WeWork could unveil its IPO filing as soon as next week, according to a Bloomberg report Friday.
  • The company confidentially filed to go public in April and was valued at $47 billion in its most recent private funding round in January and has raised $10 billion in funding since 2011.
  • The company’s financials have come under scrutiny in the run-up to its public debut as it struggles to turn large real estate investments into a profitable business model.
  • Visit Business Insider’s homepage for more stories.

Coworking space startup WeWork could unveil its IPO filing as soon as next week, according to a Bloomberg report Friday.

The company, which is part of The We Company, confidentially filed to go public in April and was valued at $47 billion in its most recent private funding round in January. The S-1 filing in question would give us our best look yet at the high-profile startup’s business yet.

WeWork has been sharing select financial information since it began issuing bonds in 2018, but the filing will be the most comprehensive look at its finances yet. According to the Bloomberg report, WeWork is planning to raise more than $3.5 billion in its IPO, which, if it comes to fruition, would make it the second largest IPO in the United States this year.

The company has raised $10 billion in venture funding and debt funding since cofounder and CEO Adam Neumann started the company in 2011.

Read More: WeWork cofounder and CEO Adam Neumann reportedly sold shares he owned in the company and took loans worth $700 million

The company’s financials have come under scrutiny in the run-up to its public debut as it struggles to turn large real estate investments into a profitable business model. Neumann himself came under fire in July for cashing out a portion of his stake in WeWork worth $700 million, an uncommon move ahead of such a highly anticipated IPO. That hasn’t spooked outside investors like SoftBank, which will also be able to cash out once WeWork goes public.

WeWork did not immediately return Business Insider’s request for comment.

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