Joshua VargheseThe We Company (WeWork)WEWORKCOMMENTOct 09, 2019

WeWork is the largest user of Manhattan office space. If that IPO is unsuccessful it could have a major impact on the real estate market there. Who would back-fill the commitments to the space. It is not so much of an impact in Canada however. The multiples applied to WeWork are high.

Joshua Varghese

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WeWork plans to join this year's IPO wave. Last year, the company's revenue doubled to $1.8 billion. It's burning cash and had a $1.9 billion loss last year. Don't expect this company to be profitable soon.

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Joshua VargheseThe We Company (WeWork)WEWORKCOMMENTOct 09, 2019

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