In a sign that perhaps interest in startups is waning among investors, the value of WeWork’s first bonds has dropped dramatically. At the end of April, WeWork raised $702 million by selling new seven-year bonds, but they have fallen in value in the secondary market in just one week, the Wall Street Journal reported. On Wednesday, the bonds traded at 96 cents on the dollar, representing an 8.6 percent yield. Such a drop could mean […]
source https://therealdeal.com/2018/05/03/hot-or-not-decline-in-wework-bond-values-may-suggest-waning-interest-in-startups/
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