WeWork May Unveil IPO Details This Week – Report

WeWork is planning to make public its prospectus for its initial public offering as early as this week, opening the doors on a more complete financial picture of the office-sharing startup.

The New York-based company has been targeting a September IPO, people familiar with the company’s plans told Bloomberg. It has also been in talks to raise billions in debt. The company disclosed back in April that it had confidentially filed initial paperwork for its IPO with the Securities and Exchange Commission.

WeWork is looking to raise more than $3.5 billion, Bloomberg has reported, which would make it the second-largest U.S. IPO this year behind Uber (UBER) . WeWork has disclosed select financial information since it began selling bonds in 2018.

According to that disclosed information, WeWork lost $1.9 billion last year on $1.8 billion in sales.

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