Parent Company

bn: We Co, WeWork's parent company, more than quadrupled its revenue from 2016 to 2018 to 1.82bn, according to The Guardian. At the same time the company lost close to 700m in the first half of 2019, 1.6bn in 2018, almost 900m in 2017, more than 400m in 2016, the filing shows. The nine-year-old company now runs offices in 111 cities worldwide with 527,000 members paying fees for access to a shared workspace in 29 countries across the world. In the prospectus We Co warns We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level for the foreseeable future. This year has been the biggest for US IPOs since 2014, with fellow unicorns private companies valued at over 1bn Uber and Lyft making their much-awaited market debut. The share sale will be the latest test of investors' appetite for fast growing companies that are making huge losses. (news.financializer.com). As reported in the news.