In discussions with Softbank to value the company between $35b and $40b, New York based WeWork is set to become the second most value private company in the U.S. behind Uber.
| less than a minute read
WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion
The swift rise of WeWork from its founding in 2010 has amazed followers and bewildered its critics, who wonder how a company centered around leasing office space could be valued like a tech firm. WeWork investors are betting the firm will dominate a reshaping of the global office market—where they see companies giving up long-term leases and embracing WeWork’s more flexible terms. The company has expanded beyond the workplace, establishing dormitory-like housing, a fitness club and an elementary school. It also has bought a search engine optimization company and a maker of wave pools for surfers.
