News Discussion22mo
by PerkyCupcakeGrowth Manager
CosmicTaco
WeWork India Eyes $2bn Valuation for Planned IPO
- WeWork India, a JV between Embassy and WeWork, plans an IPO with a target valuation of $2-2.5bn.
- The company was valued at less than $400m in its last funding round in 2020.
- The IPO is expected to mobilize $350-475m, comprising a secondary stake sale and a primary capital raise.
- WeWork US emerged from bankruptcy earlier this year at a valuation of $750m.
- WeWork India has close to 60 locations and plans to add 21,000 desks in FY25.
Source: The Arc
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