If investors buy into WeWork’s ambitious vision when it sells shares to the public in its IPO, a handful of people and investors stand to make a killing.
The IPO paperwork reveals who the company’s biggest backers are.
We won’t know how much their stakes will be worth until the company reveals more details about its IPO, such the initial share price.
But we still had some fun calculating what these stakes might be worth, based on what shares reportedly previously sold for.
Read all of Business Insider’s WeWork coverage here.
WeWork just dropped the paperwork for its IPO.
That means, we now have a chance to take a closer look at the company’s finances, including which investors own the largest stakes.
The We Company, as WeWork’s corporate parent is known, has many more private investors than its new S-1 filing reveals and some of them have already cashed out and done well. Insiders have sold billions of dollars of We Co. stock in so-called secondary transactions — in which shareholders privately sell their stock directly to investors — according to Pitchbook, the database that tracks such records.
For instance, shareholders sold $1.3 billion to Softbank in August, 2017, in addition …read more
Source:: Businessinsider – Strategy