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SoftBank urges WeWork to shelve IPO

SoftBank urges WeWork to shelve IPO

Shareholder SoftBank is urging WeWork owner The We Company to shelve its IPO citing valuation concerns. The valuation for the office-sharing startup could now be in the range of $15 billion-$18 billion. SoftBank made a follow-on investment in WeWork, one of its biggest tech bets, at a $47 billion valuation earlier this year.

KCooper
KCooper
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