Investing

WeWork is worth 70% below where it last raised money

0


CEO of WeWork Adam Neumann

Getty Images

WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert.

Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed in August. Based on that pre-IPO paperwork, he said WeWork’s equity is worth $14 billion — about 70% below its latest private market valuation.

SoftBank’s last investment in WeWork at a $47 billion valuation has been challenged as it heads towards an initial public offering. Sources told CNBC’s David Faber last week that the valuation target for the real…



Source cnbc.com

The economic numbers are continuing to defy the recession hype

Previous article

Game Stop shares fall after second-quarter profit and revenue miss

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing