Wednesday, February 12, 2025
HomeBusinessShared office space manager WeWork's India arm files for IPO

Shared office space manager WeWork’s India arm files for IPO

-


BENGALURU: WeWork India Management, the Indian franchisee of the US-based co-working major, filed draft papers for an IPO with market regulator Sebi. The IPO is structured as an offer for sale of up to 43.7 million equity shares, with promoter Embassy Buildcon and investor 1 Ariel Way Tenant planning to divest. The draft red herring prospectus does not specify the expected valuation or timeline for listing. As of Sept last year, WeWork India’s portfolio comprised 59 operational centres with a leasable area of about 6.4 million square feet.





Source link

LATEST POSTS

4 stocks closed above VWAP on February 11 – Bullish Trend

On February 11, the closing prices of four stocks from the Nifty500 pack rallied by over 3% relative to the VWAP (Volume Weighted Average...

Top stocks to buy today: Stock recommendations for February 12, 2025

Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock...

Anthropic CEO Dario Amodei warns: AI will match ‘country of geniuses’ by 2026

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Artificial intelligence will match the collective...

3 new reasons to be concerned about Magnificent 7 stocks

With the often-hot Magnificent Seven trade on the skids less than two months into the year, investors may need to...

Most Popular

spot_img