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WeWork IPO full speed ahead roadshow to kick off Monday

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The WeWork initial public offering is full speed ahead, sources familiar with the matter tell CNBC’s David Faber, despite a number of a setbacks including a dramatic cut in its valuation and its biggest outside investor urging the controversial real estate company to shelve the offering.

The IPO roadshow is set to kick off as soon as Monday, the sources said.

WeWork’s roadshow flies in the face of reported advice from its investor SoftBank, which will likely face a multi-billion dollar write down if WeWork debuts at a valuation between $15 and $20 billion. SoftBank had invested $2 billion in WeWork in January at a reported valuation of $47 billion. But WeWork’s valuation was dramatically…



Source cnbc.com

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