Trendy loss-making co-working start-up WeWork is supposedly worth $ 2.8bn while the much larger 30-year-old WeWork , which does make a profit, is valued at £ 2.8bn ($ 20bn ) and can’t land a buyer. By contrast, IWG, a quoted UK firm that has been around for 30 years and is substantially larger, makes profits. Despite a drop in pre-tax profits to £ 20bn m over last September , on any normal measure IWG should be worth more than WeWork , and the fact that a series of potential buyers have walked away, unprepared to pay a silly price, should send a message to WeWork that is it overvalued.
Trendy loss-making co-working start-up WeWork is supposedly worth $ 2.8bn while the much larger 30-year-old WeWork , which does make a profit, is valued at £ 2.8bn ($ 20bn ) and can’t land a buyer. Despite a drop in pre-tax profits to £ 20bn m over last September , on any normal measure IWG should be worth more than WeWork , and the fact that a series of potential buyers have walked away, unprepared to pay a silly price, should send a message to WeWork that is it overvalued.