WeWork reported in its IPO filing in August that it owns 23% of The Wing — that percentage was worth over $58.8 million as of June 2019.
WeWork is considering selling its 23% stake in the women's coworking space The Wing, Bloomberg reported on Tuesday. WeWork's percentage of The Wing was worth over $58.8 million in June, according to WeWork's IPO filing. WeWork is reportedly looking to cut costs during the turmoil surrounding its shelved IPO and the resignation of cofounder Adam Neumann from his CEO position. Visit Business Insider's homepage for more stories.
WeWork is considering selling its 23% stake in the women's coworking space The Wing, Bloomberg reported on Tuesday. WeWork's percentage of The Wing was worth over $58.8 million in June, according to WeWork's IPO filing. WeWork is reportedly looking to cut costs during the turmoil surrounding its shelved IPO and the resignation of cofounder Adam Neumann from his CEO position. Visit Business Insider's homepage for more stories.
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