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11 mind-blowing facts about WeWork's global business as it prepares for a massive IPO

Kevin Webb   

11 mind-blowing facts about WeWork's global business as it prepares for a massive IPO
Tech1 min read

wework founders

WeWork

WeWork cofounders Miguel McKelvey and Adam Neumann.

  • The We Company just filed for its IPO, revealing tons of new details about how the company operates.
  • Originally founded as WeWork in 2010, The We Company rebranded at the start of the year to more accurately define its business, which has grown to include more than just co-working spaces.
  • Lead by CEO Adam Neumann, the We Company has been valued at $47 billion.
  • Visit Business Insider's homepage for more stories.

WeWork has officially filed its paperwork for its initial public offering, offering the first clear look into how the company's business operates. WeWork launched in New York City back in 2010 with a single co-working space.

The company's unique approach to shared work environments and aggressive real estate acquisitions have helped it expand across the globe, opening offices in more than 100 cities worldwide. At the start of 2019 WeWork rebranded to The We Company to more accurately reflect the company's growing portfolio of businesses, which includes an elementary school program and residential living spaces.

Read more: 'The energy of we': People are roasting WeWork for its cultish IPO filing

Despite posting mounting losses in the last three years, The We Company has been valued at $47 billion, and its IPO has been highly anticipated by potential investors.

Here are some impressive facts about The We Company's global business and its 40-year-old founder and CEO Adam Neumann:

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