CosmicTaco

WeWork India Eyes $2bn Valuation for Planned IPO

CosmicTaco · 2024-10-22T09:21:05.187763+05:30

- WeWork India, a JV between Embassy and WeWork, plans an IPO with a target valuation of $2-2.5bn. - The company was valued at less than $400m in its last funding round in 2020. - The IPO is expected to mobilize $350-475m, comprising a secondary stake sale and a primary capital raise. - WeWork US emerged from bankruptcy earlier this year at a valuation of $750m. - WeWork India has close to 60 locations and plans to add 21,000 desks in FY25. Source: [The Arc](https://thearcweb.com/article/wework-bankrupt-embassy-india-virwani-yardi-ipo-aj5YeU3stScxjile)

WeWork India, a JV between Embassy and WeWork, plans an IPO with a target valuation of $2-2.5bn.
The company was valued at less than $400m in its last funding round in 2020.
The IPO is expected to mobilize $350-475m, comprising a secondary stake sale and a primary capital raise.
WeWork US emerged from bankruptcy earlier this year at a valuation of $750m.
WeWork India has close to 60 locations and plans to add 21,000 desks in FY25.

Source: The Arc