We is worth $14bn – 70% below where it last raised funds, according to Aswath Damodaran, professor of finance at the NYU’s Stern School of Business. "There is a danger when stories rule, and especially so if the numbers become props or are ignored, that the pricing that is attached to a company can lose its tether to value. Damodaran estimates that WeWork has accumulated $23.8bn of real estate debt including lease commitments. The company says its loans are secured by a “substantial amount of cash and equity”. Relevant document: Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO ~ Aswath Damodaran Blog ~ 9-Sept-19
We is worth $14bn – 70% below where it last raised funds, according to Aswath Damodaran, professor of finance at the NYU’s Stern School of Business. Damodaran estimates that WeWork has accumulated $23.8bn of real estate debt including lease commitments. The company says its loans are secured by a “substantial amount of cash and equity”. Relevant document: Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO ~ Aswath Damodaran Blog ~ 9-Sept-19