SoftBank to Buy at Least $750 Million of WeWork Parent Shares in IPO - USA DAILY NEWS

SoftBank to Buy at Least $750 Million of WeWork Parent Shares in IPO

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SoftBank Group Corp. plans to buy at least $750 million of the shares in WeWork’s impending IPO, a move that could allow the office-sharing company to shore up an offering that has been plagued by tepid investor demand.

The Japanese technology conglomerate, already the biggest investor in WeWork’s parent, would end up with 25% or more of the shares sold in an offering that’s expected to raise at least $3 billion and value the startup at between $15 billion and $20 billion, according to people familiar with the matter.

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