We Company may seek much lower IPO price for WeWork

The We Company is under pressure to proceed with the IPO, despite the big valuation drop, to secure funding for its operations. Last month, it was considering an IPO valuation of around $20 billion. Neumann will also give the company any profit he receives from real estate deals he has entered in to with We Company. This debt deal is contingent on the We Company raising at least $3 billion in its IPO. The last time SoftBank invested in the We Company was in January at a $47 billion valuation, injecting $2 billion of cash in the New York-based startup.

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