 "WeWork")
WeWork disclosed its plans for an IPO, revealing a net loss of $690 million in the first six months of the year as it moves towards a listing.
The office rental company listed an offering size of $1 billion in its filing to the US Securities and Exchange Commission. That amount is typically a placeholder that will be revised when terms of the share sale are set later.
The filing revealed that investment banks JPMorgan Chase & Co and Goldman Sachs Group will be the lead underwriters on the offering. Executives from major banks had been courting the company for years.
Its 2018
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