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WeWork aims to raise $4 billion in debt

WeWork is aiming to raise up to $4 billion in debt in the coming months before it goes public, according to the WSJ. Goldman Sachs Group and JPMorgan Chase are structuring the deal that might bring in more money for the co-working giant than the IPO itself.

  • Dig Deeper: The $4 billion can help instill confidence in the public markets that WeWork will be able to fund rapid growth for many years without having to tap into the equity markets again.
  • Sound smart: Raising billions of dollars in the debt markets through cash flows is historically unusual for a company losing so much money. 
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