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I aim to keep this newsletter's readership aspirational and weighted toward rainmakers. https://t.co/HG13w3EIAU
— Matt Levine (@matt_levine) September 5, 2019
The smart money of Private Equity gave a valuation of USD 47 Bln a few months back . Public markets have slashed it by 50%.
— Ajay Bagga (@Ajay_Bagga) September 5, 2019
WeWork is dramatically slashing its IPO valuation because of weak demand https://t.co/QUu26vrSoo
(Garbage Investment)
— ≡l≡v≡nth (@3L3V3NTH) September 5, 2019
CNBC: WeWork is dramatically slashing its IPO valuation to less than $25 billion because of weak demand.https://t.co/ohYhfX4H4S
This IPO is such a collection of wildly flapping red flags that nobody wants to buy it, and now they're cutting their price by 60% and also going back to their primary investor asking for help.https://t.co/xtRi0tHils
— Emey ? (@emeyerson) September 5, 2019
Crazy! ... This whole WeWork IPO saga...and it's not yet over.
— Amit Paranjape (@aparanjape) September 5, 2019
They have reduced their IPO valuation to about 50% of what it was?! (from $47b to under $25b).https://t.co/rHnM6xWz7k
Looks like WeWork listened to the most recent @GrubstakersPod episode.....https://t.co/9pUwK2iiuB
— Dog Guy (@cashforcats) September 5, 2019
Big yikes.
— Rotimi Opeke (@rotimi_opeke) September 5, 2019
WeWork from $47B in the last private round to $25B in IPO valuation (which will no longer happen next week?)https://t.co/NJmN0zl1sc
"The valuation targets for controversial real estate company WeWork are being dramatically lowered and the real estate company will not go public next week,"https://t.co/XxLLqmKS5q
— Mark Hogan (@markasaurus) September 5, 2019
That awkward moment when public markets ask if you are out of your fucking mind https://t.co/IqnzF3JWaC
— Dave Thomson (@theboydigital) September 5, 2019
Junk company which has never made money!
— Aditya Shah,CFA (@AdityaD_Shah) September 5, 2019
WeWork is dramatically slashing its IPO valuation because of weak demand - https://t.co/aaKWrwayV8
Whacking $17-27 *billion* off the valuation in a matter of weeks hardly instills confidence in the robustness of their numbers. https://t.co/i4wYEBn5HN
— Sharon O'Dea (@sharonodea) September 5, 2019
If WeWork valuation does get "cut" to $20 billion in an IPO, that's a larger indictment of SoftBank than it is of WeWork.
— Dan Primack (@danprimack) September 5, 2019
WeWork bracing for a big drop in valuation amid broad skepticism
— Eliot Brown (@eliotwb) September 5, 2019
Adam Neumann flew to Tokyo to meet with SoftBank last week
Also considering delaying IPO https://t.co/xT8gxGwncm
I remember when IPOs were engineering to reward late-stage private investors. Ah, those were the days.
— Paul Kedrosky (@pkedrosky) September 5, 2019
• WeWork valuation at last private round: $47b
• WeWork valuation at IPO: $20-$30b https://t.co/qdBi2YU3xx
If the reaction to WeWork's finances and corporate structure is a surprise to WeWork executives, THEY HAVE NOT BEEN PAYING ATTENTION AND THEIR ADVISERS HAVE UTTERLY FAILED THEM. https://t.co/UKACjcap5n pic.twitter.com/NVFMa7f8RY
— Shira Ovide (@ShiraOvide) September 5, 2019
The long-expected "we IPO'd too late" tech bloodbath is savage beyond belief...
— Mike Dudas (@mdudas) September 5, 2019
"We Co. is considering [an IPO value] in the $20B range... less than half of the $47B mark where it last raised private capital."
SoftBank Vision Fund getting eviscerated.https://t.co/RQL9hfSMQ3
like it’s Monopoly money https://t.co/yGfTeLzO9p
— southpaw (@nycsouthpaw) September 5, 2019
Feels like it'd be difficult to trust a company that had tried to sell itself for 2x a valuation that it later accepted. https://t.co/cIjfcoDMCQ
— Mike Bird (@Birdyword) September 5, 2019
Someone must have finally done math for them. https://t.co/m6bwOgmPm7
— Adam Singer (@AdamSinger) September 5, 2019
This IPO is dangerous and heading straight for Alabama. https://t.co/neHkGfTziO
— Dave Pell (@davepell) September 5, 2019
WeWork eyes slashing IPO valuation to $20bn https://t.co/BxzHFKtmDJ
— Financial Times (@FT) September 5, 2019
Oh, look, there IS a BananaPants Rule (tm)! https://t.co/IRO6EV3Em9
— Molly Wood (@mollywood) September 5, 2019
WeWork may reduce its valuation ahead of its IPO by tens of billions, so we tracked its valuation over time @crunchbasenews https://t.co/9fPOHsppxd
— Sophia Kunthara (@SophiaKunthara) September 5, 2019
그나저나 갑자기 마지막 밸류에이션으로부터 반토막을 내버리니, 소프트뱅크 따라 상투 잡은 마지막 큰손 투자자들의 기분이란 어떤 것일까. 이런 상황은 소프트뱅크에도 책임이 없을 수 없으니, 책임져 주겠지하면서 도쿄로 급히 날아간 모냥.
— Goodhyun 김국현 (@goodhyun) September 6, 2019
음... ?https://t.co/upgykpGdVi
WeWork IPO 밸류에이션의 급격한 하락 https://t.co/DFOXVo8Jt6
— editoy (@editoy) September 6, 2019
• "이 분야의 모든 기업이 파산했다"고 그는 말했습니다, WeWork의 IPO 공개는 지난달 15 억 4 천만 달러의 수익으로 2019 년 상반기에 9 억 달러 이상의 순손실을 낸 것을 지적했습니다.
Goldman wants to be cool again? STOP. They should stick to thievery which worked and will always work in America https://t.co/EVxorpSURI$gs
— BlockchainLindzon+ (@howardlindzon) September 5, 2019
I wonder why the CEO giving back the $6 million didn’t help. ?https://t.co/hnaPUp4y8f
— Markus Villig (@villigm) September 6, 2019
We Company planning on giving investors $20 for each share purchased in the hunt for a successful IPO. We Company will sell 2 shares in the IPO at $20 at a $100B valuation. Co hopes the low float will jack up the stock price quickly so insiders can exit:https://t.co/IFTuBIyufa
— EnerTuition (@EnerTuition) September 5, 2019
WATCH: WeWork considers slashing IPO valuation to a little over $20 billion: sources https://t.co/P0e0IcQt38 pic.twitter.com/hQJ9lfgxoC
— Reuters Business (@ReutersBiz) September 6, 2019
WATCH: WeWork considers slashing IPO valuation amid pushback: sources https://t.co/P0e0IcQt38 pic.twitter.com/ICxrx0dIjj
— Reuters Business (@ReutersBiz) September 6, 2019
WATCH: WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) at a little over $20 billion https://t.co/P0e0IcyREy pic.twitter.com/Cnqj6fTbvf
— Reuters Business (@ReutersBiz) September 6, 2019
WATCH: WeWork considers slashing valuation: sources https://t.co/P0e0IcyREy pic.twitter.com/L99dh6ELQJ
— Reuters Business (@ReutersBiz) September 5, 2019
“Why is it even worth $20 billion?” asks a top New York landlord. https://t.co/nAPLKkt3qc
— Peter Eavis (@uwsgeezer) September 6, 2019
WeWork 評価額を下げてのIPO検討か。1月の増資時は$47 billionで$20 billion付近を検討中と。ネガティブな記事も多くなってきてるし逃げきれないかな。https://t.co/T7NK5FWmAV
— やもとし / PM (@yamotoshi) September 5, 2019