WeWork is set to get $6 billion via a $2 billion letter-of-credit and a $4 billion delayed-draw term loan if it raises at least $3 billion in its Initial Public Offering (IPO), Bloomberg reported. The co-working space startup had confidentially filed for IPO in April. American investment bank JPMorgan Chase is reportedly set to lead the IPO.
Source : inshort https://www.inshorts.com/en/news/wework-may-get-$6-bn-funding-if-it-raises-at-least-$3-bn-in-ipo-1564824367412
