WeWork Bonds Crash To Record Lows As SEC Inquiry Looms
WeWork Companies, Inc. May 01, 2025
The SEC’s enforcement division is allegedly investigating WeWork’s disclosures to investors around the time it filed an S1 in August and other filings around its attempted IPO in September.
As a result of the inquiry, WeWork has lawyered up with a top Wall Street firm as it expects to face controversy surrounding the company’s collapse in valuation.
WeWork is now valued at $8 billion, has lost approximately 83% of its value in the last 12 months when it was valued at $47 billion in 4Q18.
The SEC’s investigation shouldn’t be shocking to anyone, considering the company neglected to tell investors in the S1 that it needed to IPO before it would run out of cash.
Sources told Bloomberg it wasn’t entirely clear what precisely the SEC was examining for wrongdoing.
Fri, 11/15/2019 – 14:25