Wednesday, 14 August 2019

WeWork’s IPO filing sheds light on a startup posting massive losses, while issuing massive loans to executives

The We Company, whose imminent IPO stands to be one of the most hyped of the year, has laid bare its innerworkings. The WeWork parent company’s S-1 filing — filed Wednesday with the U.S. Securities and Exchange Commission — tells the story of a company experiencing massive growth while also sustaining massive losses. It’s also lent millions to members of its executive team at remarkably low interest rates. From the prospectus, The Real Deal compiled […]



source https://therealdeal.com/national/2019/08/14/weworks-ipo-filing-sheds-light-on-a-startup-posting-massive-losses-while-issuing-massive-loans-to-executives/#new_tab

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