WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday. The We Company's deliberations illustrate how growing investor skepticism over the U.S. office space sharing start-up's lack of a roadmap to profitability, and its co-founder Adam Neumann's firm grip on its governance, are weighing on its IPO prospects. A dramatic drop in the We Company's valuation could also prove to be a seminal moment for the IPO expectations of Silicon Valley unicorns.

source https://finance.yahoo.com/news/2-wework-considers-slashing-ipo-132151377.html?.tsrc=rss