WeWork considers slashing IPO valuation for stock market debut
Outlook for the shared workspace company is cooling, after disappointing offerings this year from Lyft and Uber.
WeWork's initial public offering won't be quite the celebration the office-rental unicorn once foresaw.
The New York-based startup is considering seeking a valuation of about $20 billion to $30 billion in the IPO, people with knowledge of the matter said. The range could end up closer to $20 billion, said one of the people, which would be less than half the valuation it secured from its biggest backer just a few months ago.
The outlook for the public debut of WeWork, which has racked up billions of dollars in losses in recent years as the company funds grand ambitions, is cooling after the disappointments of other major IPOs this year such as Lyft In...