market exuberance: WeWork's board and backers, however, are also weighing another option JPMorgan Chase & Co. is leading discussions about a 5 billion debt package, Bloomberg has reported. ; Either rescue package would ease a cash crunch that could leave the office-sharing company short of funds as soon as next month, according to The Japan Times. The office-sharing startup had been headed toward one of the year's most hotly anticipated IPOs before prospective investors balked at certain financial metrics and flawed governance, turning the American giant into a cautionary tale of private market exuberance and costing the company's top executive his job. The Japanese investment powerhouse controlled by billionaire Masayoshi Son is convinced it can turn around the cash-strapped American company with the right financial controls in place, the person said, asking not to be identified talking about internal deliberations. The fast-growing, money-losing startup had been counting on a stock listing and a 6 billion loan contingent on a successful IPO to meet its cash needs. Representatives for the Japanese company weren't immediately available for comment Monday, a national holiday. The Wall Street Journal first reported that Soft Bank may be discussing a deal to gain control of WeWork.
(news.financializer.com). As
reported in the news.
Tagged under market exuberance, rescue package topics.