WeWork is facing a shortage of funds and is negotiating with Softbank on the issue of capital injection.

category:Finance
 WeWork is facing a shortage of funds and is negotiating with Softbank on the issue of capital injection.


WeWork formally withdrew its prospectus and postponed its IPO plan for the year.

The Profitability of Wework Listed Shared Office Enterprises

According to media reports, WeWork is trying to reach an agreement to solve its financial problems. The company is negotiating a capital injection with Softbank Group. The deal could be completed in the next few weeks. It has been reported that JPMorgan Chase is considering funding WeWork.

At the end of September, two new co-CEOs sold the private jet of former CEO Newman. The company also hopes to sell three businesses it has acquired in recent years, including office management startup ManagedbyQ, Meetup, and Conductor, a marketing company.

WeWork bills were still trading at average prices a month ago, but have recently fallen by more than 20 cents. Both Fitch International Rating and Standard & Poors Global Rating downgraded WeWorks credit rating to junk due to liquidity concerns.

Mike Wilson, chief U.S. equity strategist at Morgan Stanley, said the failure of WeWorks initial public offering marked the end of an era. Wilson said investors have shown that they are no longer willing to pay for overinvestment. Until then, the U.S. stock market had been paying astonishing valuations for unprofitable IPOs.