4 ms·
Goldman Sachs = the big banks IIRC Goldman valued WeWork at $60B
by rrss 7y ago
Goldman Sachs = the big banks
IIRC Goldman valued WeWork at $60B
- rurp 7y agoGoldman valued WeWork at $60B, as part of their sales pitch to lead the IPO. The context makes all the difference since the point of that valuation was to aid a sales pitch, not be an accurate assessment.
- racino84 7y agoThis is incorrect. They pitched this at $60b but couldn't get a bookbuild at that price which never happens. The key distinction with pitching to lead to the IPO is they sought to find investors (as opposed to wework management) at this price too, but not enough people bit to fill the raise.