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We Company Files Registration for IPO

WeWork parent the We Company took a step closer toward its much-anticipated initial public offering by filing a registration statement with the SEC. The number of shares to be offered and the price range for the IPO haven’t been determined, nor has the registration statement been declared effective, the company said Wednesday.

In its registration statement, the We Company cited run-rate revenues of $3.3 billion as of June 30, an 86% year-over-year increase. However, it also cited billions of dollars in deficits over the past few years, which it attributed to “the substantial investments required to grow our business, including the significant increase in recent periods in the number of locations we operate.”

J.P. Morgan, Goldman Sachs & Co. LLC, BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, HSBC, UBS Investment Bank and Wells Fargo Securities will serve as joint bookrunning managers for the offering.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read the Registration StatementConnect With We Company

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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