We­Work files to go pub­lic

The News-Times - - BUSINESS -

We­Work, an operator of of­fice spa­ces for entreprene­urs and re­mote work­ers in New York City and ci­ties na­tion­ally, con­firmed it has filed con­fi­den­tially with the U.S. Se­cu­ri­ties & Exchange Com­mis­sion for an ini­tial pub­lic of­fer­ing of stock. We­Work has more than 400,000 mem­bers who rent spa­ces sized from “hot desks” in open ar­eas for use on an as-needed ba­sis, to pri­vate of­fices that can ac­com­mo­date as many as 250 peo­ple. We­Work lost $1.9 bil­lion last year while dou­bling rev­enue to $1.8 bil­lion.

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