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mk · 1937 days ago · link · · parent · post: WeWork to Delay IPO Amid Suspicion It Is Not Actually a Tech Company Worth $47 Billion
I don't know. They might just be loving this: I'm betting that SoftBank's offer is contingent upon We having the other $5B in hand.We Company is bound by a commitment to a $6 billion line of credit it secured from banks in August that requires it to go public and raise at least $3 billion by the end of the year. Reuters wrote that even factoring in an offer from SoftBank to buy shares worth between $750 million and $1 billion, We Company concluded it would only raise a bit over $2 billion.