With news that We Co has withdrawn its IPO filing, we take a look at what the move could mean for corporate venturing going forward.
We Company, the US-based workspace provider backed by telecommunications group SoftBank, yesterday formally withdrew from an initial public offering that had been tipped to raise up to $4bn.
We Co was founded in 2010 as WeWork – still the name of the subsidiary that operates a network of almost 530 co-working spaces across 29 countries, offering office facilities and equipment to individual workers and corporate customers.
The company had raised $11.5bn in debt and equity financing altogether, with much…
