Jefferies slashed the value of its stake in WeWork by $146 million more than 2 weeks before its failed IPO

Business Insider



· *Jefferies slashed the estimated value of its investment in WeWork by $146 million on August 31, more than two weeks before the shared-workspace group shelved its plans to go public.*
· *The investment bank's adjustment reflected a "significant discount due to uncertainty regarding the timing and pricing of We's IPO,"...

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