WeWork posts £750m loss yet still plan to go ahead with stock market listing

Employment & Skills | International | Latest News | Property & Construction

New York-based firm WeWork, who provide shared workspaces for technology startups, entrepreneurs and global enterprises, has reported a loss of £750m for the first six months of 2019.

However, the company still plans on going ahead with their plans to list on the stock market on Wall Street later this year.

WeWork initially planned on going to Wall Street in September, and are still set to list next month after announcing a double increase in revenues to £1.27bn.

Since the company was founded in 2010, it is yet to report a profit, however, it has expanded into 528 locations in 111 cities across the world.

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