30
May
Cash-burning WeWork may have access to billions in credit ahead of IPO
WeWork Cos. may have a $2.75 billion credit line coming its way after burning through massive amounts of cash.
JPMorgan Chase & Co. is leading the potential financing ahead of New York-based WeWork’s initial public offering (IPO), according to Bloomberg.
New York-based investment bank JPMorgan Chase (which WeWork overtook as NYC’s largest office tenant) also happens to be a WeWork investor.
WeWork, known for renting casual and trendy office spaces to startups and gig economy workers around the…
Source: Arizona Business Journal
