WeWork plans to raise billions of dollars in debt before its IPO, in hopes it can dodge the problems that plagued Lyft and Uber’s debuts
WeWork Cos. plans to raise billions of dollars in debt before it goes public, according to people familiar with the matter, a move aimed at shoring up confidence in its business.
The money-losing office-space manager is seeking to raise as much as $3 billion to $4 billion in coming months through a debt facility that could grow as big as $10 billion over the next several years, the people said. This debt offering—independent of the money WeWork will raise in its initial public offering—is designed to fund WeWork’s growth until...
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