The figures would mark a decline from the $47-billion valuation WeWork achieved earlier this year from an investment by SoftBank Group Corp., its biggest backer.
about the economics of the business. The New York-based startup headed by Adam Neumann leases and owns spaces in office buildings, which it decorates and then rents out to companies from tiny startups to large corporations. It has raised more than $12 billion since its founding nine years ago but has never turned a profit.
Neumann, a co-founder and polarizing figure, has also courted controversy. Tangled business relationships involving Neumann and his family show an interdependence that runs deeper than most entrepreneurs to their creations and one that raises concerns among prospective shareholders. In particular, Neumann owns several commercial properties that he leased to WeWork, and he has sold significant amounts of his equity ahead of the public stock offering.
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