EquityZen’s Atish Davda on Yahoo Finance

‘WeWork has a lot of questions to answer’: EquityZen CEO

In order to have a successful IPO WeWork needs to address the obvious questions.

In an interview with Yahoo Finance’s On The Move, Atish Davda, EquityZen CEO, outlined three key issues that investors want addressed: WeWork’s governance, its business model and path to profitability.

“I think we’re seeing the results of that [referring to doubts about WeWork] with the potentially lower IPO valuation,” said Davda. ”I mean, at $20 billion we’re talking about a company that’s worth over 10 times what its competitor’s multiple is and the company produces more losses than revenue that it generates. I think the comparison may be stark but WeWork has a lot of questions to answer. And as of now, we haven’t seen a lot of answers for them.”

Read more here: https://finance.yahoo.com/news/we-work-has-a-lot-of-questions-to-answer-equity-zen-ceo-202402077.html

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