After Bankruptcy In US, WeWork Plans IPO For Indian Arm At Over $2B Valuation: Report

This story was first published on the Benzinga India portal.

WeWork India, a joint venture between Bengaluru-based property firm Embassy Group and American co-working giant WeWork, is reportedly exploring plans for an initial public offering (IPO).

What Happened: WeWork India is seeking an IPO with a target valuation of $2 billion to $2.5 billion, as reported by The Arc. The company has reportedly appointed JM Financial as the book-running lead manager for the issue.

WeWork India was valued at under $400 million in its last funding round in 2020, and the IPO is anticipated to hike that valuation. The company aims to raise between $350 million and $475 million through its IPO, the report said. 

The final numbers will be determined ...