Another big one is coming. WeWork aims to publicly disclose its IPO filing next month and list its stock in September, the Wall Street Journal reported Tuesday.
The offering would potentially raise several billion dollars, making WeWork the second-biggest IPO of the year, after Uber. There still seems to be work left to do, as the company hasn’t finalized bank underwriter roles yet, the Journal reported.
WeWork’s IPO will cause ripples across the tech and real estate worlds, and have major implications for investor SoftBank. The debate about the stock already has been roaring for years: Can WeWork convince investors its immense growth will soon lead to profits, or has its purported transformation of urban real estate been little more than a money pit?