Do n’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 rumors about Neumann according to the news site . It is worth remembering that WeWork was valued at $ 21bn as recently as mid-2017 when SoftBank ’s Vision Fund led a series G funding round . 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 new 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. It is worth remembering that WeWork was valued at $21bn as recently as mid-2017 when SoftBank’s Vision Fund led a series G funding round. 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.