Company profile
- Industry
- Flexible workspace / coworking
- Founded
- 2010
- Headquarters
- New York City, United States
- Ownership
- Privately held
Profiles are auto-generated and infrequently updated.
The analyses
The Decision Fork · Decision Forks
WeWork's S-1 Took a $47 Billion Valuation to Under $8 Billion in Six Weeks
In August 2019 WeWork filed to IPO at $47 billion. Six weeks later the deal was dead and the valuation had cratered 83% to under $8 billion. The S-1 didn't break the company. It just made the public market read what the private market had agreed not to.
8 min
The Founder Doctrine · People & Control
WeWork Gave Adam Neumann 20 Votes a Share — Then Markets Priced What Buying Him Out Costs
WeWork's S-1 handed Adam Neumann shares worth 20 votes each and majority control. The collapse that followed wasn't a business-model crash first — it was the moment markets discovered that founder sovereignty has a price only when someone finally has to buy it back.
8 min
The Decision Fork · Decision Forks
WeWork Filed at $47 Billion; Six Weeks Later the Public Market Said as Low as $10 Billion
In August 2019, WeWork filed an S-1 carrying a $47 billion private valuation and a $1.9 billion loss. Six weeks later it withdrew, with public investors pricing it as low as $10 billion. The document didn't reveal a market mistake — it revealed that the valuation was never priced at all.
8 min
The Money Machine · Business Model
WeWork's S-1 Ledger: $47 Billion in Lease Obligations, $4 Billion in Committed Revenue
WeWork signed 15-year leases and rented the space back by the month. Its own S-1 showed $47 billion in lease obligations against $4 billion in committed revenue - the gap scale couldn't close, because scale was what made it.
7 min