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WeWork Weighs Further Valuation Cut : WSJ

WeWork is considering a valuation for its initial public offering that may be below $20 billion, the Wall Street Journal reported, citing people familiar with the matter.

The office-sharing company plans to begin a roadshow for new investors as early as Monday. But its parent company, We Co., and its underwriters are planning to hold meetings this week with investors to figure out the changes that may be needed to pull sufficient demand for a share sale, the Journal reported.

Some investors are pushing the company to postpone the IPO, the report said.

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