[ad_1]
FILE PHOTO: People are seen outside the Wework Collaborative Workspace Building during the Gold Day Party, in downtown Beijing, China October 2, 2018. REUTERS / Stringer
(Reuters) – WeWork Cos, a shared office space manager, is seeking to raise $ 3-4 billion in debt before being made public, a familiar source said on Sunday. investor confidence in the company.
The money raised via the debt placement, which will be separate from the money that the company will invest in its release, could reach $ 10 billion over the next few years, had already reported the Wall Street Journal (in English). .
The New York-based company's credit facility could generate more money for the company than the initial public offering, the WSJ report said.
A spokesman for WeWork declined to comment.
Reportage of Mekhla Raina in Bengaluru; Edited by Chris Reese
Source link
