Bankers including JPMorgan and leading real estate companies are doing an in-depth analysis of WeWork’s balance sheet, seeking to determine whether the company can survive, reported Fox Business. Bankers scrutinising WeWork ’s books worry they will stumble over more negative surprises, but if none are found those close to the co-working firm reportedly believe the company has a future. The company’s financial woes have been well documented in recent months, with its stock price falling from $16.50 per share at the start of 2016 down to as low as $1.05 on Monday. Without fresh funding We will go bankrupt, and while the company has been negotiating with a consortium of banks, all roads lead to SoftBank, according to Nori Gerardo Lietz, senior lecturer at Harvard Business School.
Bankers including JPMorgan and leading real estate companies are doing an in-depth analysis of WeWork’s balance sheet, seeking to determine whether the company can survive, reported Fox Business. Bankers scrutinising WeWork’s books worry they will stumble over more negative surprises, but if none are found those close to the co-working firm reportedly believe the company has a future. The sentiment was echoed by Greg Kraut of K Property Group who said We’s failure is about governance not its business model. Without fresh funding We will go bankrupt, and while the company has been negotiating with a consortium of banks, all roads lead to SoftBank, according to Nori Gerardo Lietz, senior lecturer at Harvard Business School.