INSUBCONTINENT EXCLUSIVE:
backer, SoftBank, is pushing for the company to put its troubled public offering on hold.Citing sources familiar with the company and its
main investor, the Financial Times said the reason is the cool reception The We Company has received from public market investors.The
company needs to raise at least $3 billion in the public offering to trigger $6 billion in debt financing from the very bankers architecting
weekend, The Wall Street Journal reported that the company was thinking about reducing the amount it would seek in a public offering below
the $20 billion figure that had been previously reported.The We Company had last raised money at a valuation of over $47 billion and the
company go ahead with a public offering.The company has even taken steps to roll back some of the more egregious financial arrangements that
made investors look at the company askance
It added a woman to its board of directors after much public outcry over the board composition and unwound a nearly $6 million agreement the
and the mounting losses of the core business sub-leasing long-term commercial rental space to short-term tenants have made public investors
