- Following the disappointing public debuts of Uber and Lyft, shared office space manager WeWork (VWORK) is hoping to shore up confidence in its business before it goes public.
- The company, which lost $1.9B last year, is reportedly looking to raise as much as $3B-$4B in coming months through a debt facility, assuring investors that it could fund growth initiatives until it can turn a profit.
- The capital would be separate from funds WeWork would receive in an IPO and may grow as big as $10B over the next few years.