Jefferies Financial Group again cut the value of its small WeWork stake, the investment bank said in an earnings release on Wednesday.
The September adjustment reflected a "significant discount due to uncertainty regarding the timing and pricing of We's IPO," CEO Rich Handler and President Brian Friedman said in the third-quarter earnings release. "As the facts at We become clearer, further adjustments may be made in future periods."
WeWork's valuation plummeted from $47 billion a year ago to less than $5 billion in November. In September, intense scrutiny of its finances and leadership from investors and the media forced WeWork to remove cofounder Adam Neumann as CEO and scrap its IPO plans.
In January and not December. How interesting...
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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