WeWork looking for $2.75 billion credit line ahead of IPO - Bloomberg

(Reuters) - Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter. JPMorgan Chase & Co is leading the potential financing, Bloomberg said

Reuters May 30, 2019 00:06:43 IST
WeWork looking for $2.75 billion credit line ahead of IPO - Bloomberg

WeWork looking for 275 billion credit line ahead of IPO  Bloomberg

(Reuters) - Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.

JPMorgan Chase & Co is leading the potential financing, Bloomberg said.

WeWork declined to comment, while JPMorgan did not immediately respond to a request for comment.

The company is currently preparing for a stock market listing, which could be the largest IPO after ride-hailing firm Uber Technologies.

In April, WeWork filed confidentially with the U.S. Securities and Exchange Commission for an IPO and was last valued at about $47 billion in a series of private fundraisings.

(Reporting By Aparajita Saxena in Bengaluru; Editing by James Emmanuel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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