EXCLUSIVE: Goldman Sachs quietly unloaded some of its WeWork shares while its bankers were pitching the company a $60+ billion IPO

Goldman Sachs had sold some of its stake in WeWork even as the investment bank was pitching the co-working company for a highly lucrative IPO mandate.

EXCLUSIVE: Goldman Sachs quietly unloaded some of its WeWork shares while its investment bankers were pitching the company a $60+ billion IPO Goldman Sachs had sold some of its stake in WeWork even as the investment bank was pitching the co-working company for a highly lucrative IPO mandate. The bank unloaded shares at two earlier fundraising rounds when WeWork mega-investor SoftBank gave employees and earlier investors a chance to sell their stake, according to a person with knowledge of Goldman's actions. The bank assigned a "much more modest" valuation to the company than the $47 billion value set earlier this year, or the $61 billion to $96 billion range the firm's investment bankers told the company's top execs it might get in an IPO. Read more on BI Prime → Email sent to: ipat39@gmail.com   |   Unsubscribe Terms of Service   |   Privacy Policy © 2019 Insider Inc. 1 Liberty Plaza, New York, NY 10006