Reuters reported in January that WeWork was in talks to go public through a merger with a SPAC and was exploring raising funds from private investors.
LONDON: WeWork lost US$3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times https://www.ft.com/content/46561422-9edd-4b3b-959c-85754a381d9d reported.
The company's losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company (SPAC), the report said on Monday
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