Hey, absolutely everyone.
Appreciate it or dislike it, WeWork was no doubt the story of the week.
The $47 billion coworking enterprise filed to go public Wednesday, offering the 1st in-depth appear at its financials and starting up the countdown to 1 of the most remarkably anticipated — and quite possibly most scrutinized — market place debuts of the yr.
In the filing, WeWork exposed billions in losses, a sprawling assortment of leases, and strategies to carry on paying aggressively to go just after a market place that could be really worth as a great deal as $one.six trillion.
At the center of WeWork’s vision is CEO and cofounder Adam Neumann, the charismatic and controversial 40-yr-previous Israeli businessman who will handle a vast majority stake of WeWork’s voting electrical power as a public enterprise.
Right here are some of the WeWork stories from the Business enterprise Insider group this week:
- WeWork is the most useful startup to head for the public markets given that Uber earlier this yr. But as it does so, it can be dealing with some massive concerns that could dampen investors’ enthusiasm for its shares and puppy its stock. Here are the five biggest questions facing WeWork as it prepares for its IPO.
- WeWork’s S-one exhibits how massive the enterprise thinks it can get and provides a sense of the substantial fees of having there. In the filing, WeWork lays out a path to profitability, but most of its options involve slowing its breakneck growth.
- WeWork CEO Adam Neumann has been criticized for perceived conflicts of curiosity concerning his investments and WeWork. Now prospective investors are getting a closer look at Neumann’s web of loans, real-estate deals, and family involvement with the company.
Individually, I am energized to announce that in various weeks Business enterprise Insider will be internet hosting its 1st-ever cannabis webinar with marijuana-analytics enterprise Headset.
Earlier this yr, Headset raised $12 million and signed discounts with market place-study company Nielsen and the accounting company Deloitte.
You can join Headset CEO Cy Scott for a BI Prime webinar on September 5 at 2 p.m. ET as he requires readers as a result of his pitch deck and explains how he convinced VCs, such as early Juul investor Poseidon Asset Management, to invest in in.
Poseidon spouse Emily Paxhia will also weigh in on the special difficulties of investing in cannabis — and how she picks winners in a crowded market place. You can sign up here.
Have a superior weekend!
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