AP Photo/Mark Lennihan Adam Neumann, CEO of The We Company.
- The We Company, better known as WeWork, announced that it had submitted its draft registration to go public with the Securities and Exchange Commission on Monday.
- The coworking startup initially submitted its Form S-1 with the SEC in December 2018, according to a press release.
- WeWork rebranded as The We Company in January 2019 in an effort to expand beyond commercial office rentals
- Visit Business Insider's homepage for more stories.
The We Company, better known as WeWork, announced that it had submitted its draft registration to go public with the Securities and Exchange Commission on Monday. The coworking startup initially submitted its Form S-1 with the SEC in December 2018, according to a press release.
The We Company has $6.4 billion in funding, according to its latest fundraise in November 2018. Softbank, the Japanese tech giant, poured $3 billion into the company after an initial $1 billion investment in convertible debt in August 2018. SoftBank and its Vision Fund also invested $4.4 billion in The We Company in 2017.
According to a financial report obtained by Business Insider, The We Company doubled both its revenue and losses in 2018, with $1.82 billion in revenue and $1.93 billion in net loss.