Unicorn

WeWork revealed the extremely complicated way it's set up in its IPO

WeWork revealed the extremely complicated way it's set up in its IPO

Yesterday The We Company filed its S-1 form with the US Securities and Exchange Commission and it details the unnecessarily complicated way that the company is organised. In brief, the company is invested in co-working spaces, private schools and housing through its WeWork, WeGrow and WeLive subsidiaries. The We Company owns and leases numerous properties that it then opens up to people who purchase a membership β€” in total, the company has more than 790 offices located in over 35 countries, according to its own website. It’s not shy with splurging on spaces, having spent $850 million in 2017 to buy the Lord & Taylor Building on Fifth Avenue in NYC from Hudson’s Bay.

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