We Company's largest investor is set to buy up about 25% of the shares in the IPO, which is likely to reduce its valuation from $47bn to as little as $15bn.
Internet and telecommunications group SoftBank is set to invest at least $750m in the upcoming initial public offering of US-based workspace provider We Company, the Wall Street Journal reported on Friday.
SoftBank is set to buy about 25% of the shares issued in an IPO expected to raise at least $3bn at a valuation of $15bn to $20bn, according to people familiar with the matter.
We Company is best known for co-working space provider WeWork but it oversees a range…
