WeWork’s CEO Adam Neumann confirmed that the co-working company plans to go public, but cautioned it has still to decide when and where to list its shares.
Speaking at a luncheon at the Economic Club of New York last week, Neumann also reiterated claims that WeWork is on track to making $1 billion in revenue this year.
The firm’s IPO plans have been known for a while. Last July, Neumann said the company is “not afraid” to go public. WeWork recently revamped its structure in an attempt to give the young company a more corporate shape, bringing in new executives to manage its co-living and co-working businesses. The firm has raised $1.8 billion from investors, most recently at a $17 billion-plus valuation.
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