After Bankruptcy In US, WeWork Plans IPO For Indian Arm At Over $2B Valuation: Report

Quick Summary:

WeWork India, a joint venture between Bengaluru-based property firm Embassy Group and American co-working giant WeWork, is reportedly exploring plans for an initial public offering (IPO).

WeWork India was valued at under $400 million in its last funding round in 2020, and the IPO is anticipated to hike that valuation.

What Happened: WeWork India is seeking an IPO with a target valuation of $2 billion to $2.5 billion, as reported by The Arc.

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Article Details

Author / Journalist: Arpit Nayak

Category: InvestingBusiness

Markets: United StatesIndiaSouth Korea

Topics: IPOs Benzinga Markets News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 09:56:56 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23205890

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