Don’t bet on the We Company delaying its IPO, as Axios reports that multiple sources have said Adam Neumann is willing to accept a significant cut in the company’s valuation to get the deal done and secure the linked $6bn credit facility unless SoftBank decides to intervene and provide a further cash injection. What to watch: We still don't know when the IPO road-show kicks off. Those close to the process believe there is plenty of buy-side interest in the deal, as well as a number of questions about Neumann according to the news site. The company has been working with banks for several months now The leap in valuation occurred in January this year when SoftBank, not the Vision Fund invested $1bn at a valuation of $47bn and agreed to buy shares worth a further $1bn from employees and existing investors at a valuation of $20bn. Some market sources believe the $47bn valuation was, at least in part, designed to help SoftBank raise funds for Vision Fund II.
Don’t bet on the We Company delaying its IPO, as Axios reports that multiple sources have said Adam Neumann is willing to accept a significant cut in the company’s valuation to get the deal done and secure the linked $6bn credit facility unless SoftBank decides to intervene and provide a further cash injection. Those close to the process believe there is plenty of buy-side interest in the deal, as well as a number of questions about Neumann according to the news site. The company has been working with banks for several months now The leap in valuation occurred in January this year when SoftBank, not the Vision Fund invested $1bn at a valuation of $47bn and agreed to buy shares worth a further $1bn from employees and existing investors at a valuation of $20bn. Some market sources believe the $47bn valuation was, at least in part, designed to help SoftBank raise funds for Vision Fund II.