JPMorgan in pole position to lead WeWork IPO after debt offering: sources
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Sunday
June 26, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
SUNDAY, JUNE 26, 2022
JPMorgan in pole position to lead WeWork IPO after debt offering: sources

Global Economy

Reuters
03 August, 2019, 09:30 am
Last modified: 03 August, 2019, 09:34 am

Related News

  • JPMorgan downgrades India's IT sector as Covid boom fades
  • JPMorgan to boost Asia private banking headcount by over 100 this year
  • JPMorgan freezes donations to Republicans who contested 2020 election
  • JPMorgan resumes political giving, freezes out Republicans who contested 2020 election
  • JPMorgan to move $230 billion of assets to Germany ahead of Brexit: source

JPMorgan in pole position to lead WeWork IPO after debt offering: sources

WeWork would like work on the debt offering to begin as early as next week

Reuters
03 August, 2019, 09:30 am
Last modified: 03 August, 2019, 09:34 am
FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo

WeWork owner The We Company has tapped JPMorgan Chase & Co to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said.

WeWork would like work on the debt offering to begin as early as next week, although this is subject to change as there are regulatory hurdles to be cleared, the sources said.

WeWork has not officially hired banks for the IPO but the expectation among people involved in the process is that any lender’s role in the debt offering will have a direct impact on its role in the IPO, said the sources, who requested anonymity because the details are private.

Other banks, including Goldman Sachs, are also expected to have prominent roles for the IPO, the sources said.

WeWork is looking to raise $5 billion to $6 billion through the bond offering and is then looking to go public as soon as September, Reuters reported last month.

Representatives for The We Company and JPMorgan did not respond to emails set by Reuters. A spokesman for Goldman Sachs declined to comment.

The We Company, based in New York and founded in 2010, was most recently valued at $47 billion, making it one of the biggest private companies in the world.

 

World+Biz / Top News

JPMorgan / WeWork IPO

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: TBS
    Hundreds of vehicles ply Padma Bridge as it opens to traffic, people flout rules to be part of history
  • PM asks new generation to lead country towards prosperity
    PM asks new generation to lead country towards prosperity
  • Photo: TBS
    Mawa ferry ghat wears deserted look, water rides sit idle

MOST VIEWED

  • An employee takes granules of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin
    UK, US, Japan and Canada to ban Russia gold imports
  • Photo: Collected
    EXCLUSIVE-Copper giant Codelco sees 'very firm' copper price ahead despite recent drop - chairman
  • Illustration: Jason Leung/Unsplash
    As US current account gap balloons, new currency war may be a skirmish
  • Wind turbines are seen in a corn field in Newton, Iowa, on Oct. 11, 2019. JOE RAEDLE/GETTY IMAGES/Foreign Policy
    French energy companies call for 'immediately' limiting energy use
  • Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke/File Photo
    G7 considering ways of capping Russian oil price - German official
  • A Malaysia Ringgit note is seen in this illustration photo on 1 June 2017. Reuters Illustration/Files
    Malaysia plans record $18 billion subsidy spend in inflation fight

Related News

  • JPMorgan downgrades India's IT sector as Covid boom fades
  • JPMorgan to boost Asia private banking headcount by over 100 this year
  • JPMorgan freezes donations to Republicans who contested 2020 election
  • JPMorgan resumes political giving, freezes out Republicans who contested 2020 election
  • JPMorgan to move $230 billion of assets to Germany ahead of Brexit: source

Features

Aesthetically, these co-ords are wondrously unfussy, and transmit an air of sartorial confidence. Photo: Noor A Alam

The reign of oversized pantsuits

3h | Mode
Photo: TBS

A dream dreamt and then delivered

17h | Panorama
In pictures: 2022 Dhaka Motor Show

In pictures: 2022 Dhaka Motor Show

1d | Wheels
Our team full of hope and mettle, before we entered the disaster zone. PHOTO: SWAMIM AHMED

How we survived 4 days in Sunamganj flood

2d | Panorama

More Videos from TBS

Learn all about sports in Khelbei Bangladesh

Learn all about sports in Khelbei Bangladesh

2h | Videos
Building Padma Bridge a perfect reply to conspirators, says PM Sheikh Hasina

Building Padma Bridge a perfect reply to conspirators, says PM Sheikh Hasina

16h | Videos
Grand opening of Padma Bridge with colorful airshow and festival

Grand opening of Padma Bridge with colorful airshow and festival

17h | Videos
Man travelling barefoot for 47 years walks on Padma Bridge

Man travelling barefoot for 47 years walks on Padma Bridge

17h | Videos

Most Read

1
Photo: Prime Minister's Office
Bangladesh

New investment in transports as Padma Bridge set to open

2
Japan cancels financing Matarbari coal project phase 2
Bangladesh

Japan cancels financing Matarbari coal project phase 2

3
Desco wanted to make a bold statement with their new head office building, a physical entity that would be a corporate icon. Photo: Courtesy
Habitat

Desco head office: When commitment to community and environment inspires architecture

4
Photo: TBS
Infrastructure

Gains from Padma Bridge to cross $10b, hope experts

5
20 businesses get nod for $326m foreign loan for expansion
Economy

20 businesses get nod for $326m foreign loan for expansion

6
Multiple robbery incidents reported in flood stranded Sylhet and Sunamganj
Bangladesh

Multiple robbery incidents reported in flood stranded Sylhet and Sunamganj

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Five aircraft of the Bangladesh Air Force performing in an airshow on Saturday. PHOTO: ISPR

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net