ivate fundraising round in January, people familiar with the matter said on Thursday.
Other high-profile stock market listings this year, such as those of ride-hailing companies Uber Technologies Inc and Lyft Inc, have fared poorly in subsequent trading, amid investor skepticism over their lack of a concrete plan to profitability. The sources cautioned that no decision on the valuation has been taken and asked not to be identified because the deliberations are confidential. The We Company declined to comment. The Wall Street Journal reported earlier on Thursday that the We Company was considering an IPO valuation of around $20 billion.
The mounting losses and concerns over how its business model would survive an economic downturn have raised skepticism from analysts and investors about the IPO. We Company Chief Executive Neumann recently met with SoftBank CEO Masayoshi Son to discuss SoftBank making an anchor investment in the IPO to support demand, or making a further private investment in the We Company in order to postpone the IPO, according to the Wall Street Journal.