Technology
WeWork history, from single Manhattan building to global company, IPO
WeWork, the nine-year-old co-working-space startup, filed for its IPO in August as part of The We Company.
The We Company is considering a valuation of around $20 billion for its IPO — roughly half of the company’s $47 billion valuation from its last private round of funding — according to reports from The Wall Street Journal and Bloomberg on Thursday. The Journal also reported that the We Company may delay its IPO to 2020.
Founder and CEO Adam Neumann opened the first WeWork space in the SoHo neighborhood of New York City in 2010. Since then, the company has rebranded as The We Company and expanded into other ventures, including co-living subsidiary WeLive and the “conscious entrepreneurial school” WeGrow, among others.
Read on for the history of WeWork leading up to its highly anticipated IPO.
Melia Robinson originally authored this post, which has since been updated. Additional reporting by Lisa Eadicicco.
Read more: WeWork isn’t even close to being profitable — it loses $219,000 every hour of every day
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