WeWork Spends a Lot of Cash. An IPO Could Help Keep Up the Flow
WSJ
By turning to the public markets, office-space company WeWork Cos. could find a key to maintaining rapid growth: more cash. Nine-year-old WeWork, which on Monday said it filed confidentially for an initial public offering in December, has been a prodigious spender of capital in recent years, burning through more than $2.3 billion of free cash in 2018 alone, according to an annual report it gave to investors recently. That is even more than the total of another big-spending startup, ride-haili…