WeWork parent company confidentially files for IPO

WeWork parent company confidentially files for IPO
© Getty Images

The We Company, parent of work space sharing firm WeWork, said Monday it had confidentially filed for an initial public offering.

WeWork initially submitted its Form S-1 with the Securities and Exchange Commission in December 2018, and announced Monday it had submitted an amended draft registration statement.

ADVERTISEMENT

The company will be able to decide when to become publicly traded once the process is completed.

A representative from WeWork declined to provide more details on the company’s IPO rollout to The Hill.

WeWork's confidential filing comes as several other popular startups have tested or are planning to test the market.

Ride-sharing giants Uber and Lyft both went public earlier this year.

Home-renting company Airbnb and workplace messaging service Slack are also likely to make their debuts on the market this year.