T. Rowe Price calls WeWork a 'terrible investment'
In an unusually frank letter, fund managers at T. Rowe Price derided WeWork as a "terrible investment."
WeWork failed to go public last year and nearly went bankrupt instead, sending its valuation plummeting in the process.When it comes to investing in WeWork, you could say that T. Rowe Price's investment team has some regrets.in the annual report of the firm's Mid-Cap Growth Portfolio, Brian W.H. Berghuis, chairman of the fund's investment advisory committee, and John F.
The letter was an unusually frank assessment from a high-profile investor. T. Rowe Price led WeWork's Series D Round, in which the company raised $355 million at a valuation of $4.65 billion, according to PitchBook.
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