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To be fair it was the weWork ipo roadshow banks that came up with that fantastic number
by olivermarks 7y ago
To be fair it was the weWork ipo roadshow banks that came up with that fantastic number
- beering 7y agoMatt Levine made the point that to get chosen as one of the IPO banks, you had to pitch to WeWork that you could get them a good-yet-plausible valuation. I.e., take what their last (private) valuation was, and bump it up by a decent amount. Once you're selected, of course, then reality can take over.