WeWork Valuation Doubled to $10bn in Six Months

WeWork Companies Inc., a provider of shared office space to small companies and technology startups, was valued at $10bn yesterday after Fidelity and existing investors put $400m of capital into the company.  This valuation is double WeWork’s $5bn value in December 2014, and dwarfs the company’s $1.5bn valuation at the start of last year.  CEO Adam Neumann said the company hadn’t been looking for additional funding, but received inquiries from numerous investors.

WeWork is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.