We Co. paid a mix of stock and cash for many of its acquisitions, leaving those startups with We shares that are worth a lot less now
WeWork’s parent went on a buying spree before its planned initial public offering, using its highly valued private shares to finance purchases of other venture-backed startups. Now, these startups and their investors are left holding shares that are likely worth a lot less than they bargained for.
We Co. has faced a tumultuous few weeks since the company revealed its IPO filing to the public in August. The company has postponed its planned IPO as investors raise concerns about its governance and losses. Its valuation toppled...
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