WeWork submits paperwork for IPO

WeWork owner The We Company said on Monday it had filed for an initial public offering (IPO) with U.S. regulators, the latest in a swarm of U.S. startups planning a stock market debut this year. WeWork, recently valued at $47 billion in a private fundraising round, said its amended IPO registration with the U.S. Securities and Exchange Commission will help it decide if it is sure it wants to become a publicly traded company. If it completes its IPO in 2019, WeWork is likely to be the biggest company by value to list on the stock market this year after Uber Technologies Inc, which is aiming for a valuation of up to $91 billion when it prices its IPO next week.