Herbert Lash
Stories by Herbert Lash
PE giant Blackstone hits redemption limit on $69b real estate vehicle
The redemption curbs, which came because of pre-set limits, fuelled investor concerns over the future of the REIT.
Sell-off in China shares in Asia extends rout in US-listed shares
Among well-known Chinese firms, Alibaba Group Holdings Ltd fell 3.0% and Baidu Inc lost 2.8%.
WeWork losses mount but sees ‘seismic shift’ in office leasing to its favour
WeWork said member retention improved and renewal rates stabilized.
The We Company reverts to WeWork name to highlight office-sharing roots
The "we" brand was introduced in January 2019 by WeWork's co-founder Adam Neumann.
WeWork gets new $1.1b commitment from Japan’s SoftBank
WeWork has $4.1 billion in cash and unfunded cash commitments, including the new $1.1 billion in new financing.
WeWork claims to have enough cash to meet coronavirus challenges
WeWork also said it is unlikely to meet targets it had previously set for this year.
WeWork names new execs, outlines path to profitability by 2023
Maurice Levy, chairman of ad agency Publicis Groupe SA, was named interim chief marketing and communications officer.
SoftBank’s investment in form of convertible note helped cut WeWork losses
The IPO will be a key test of investor appetite for fast-growing, money-losing startups.
WeWork reports growing revenues, widening losses ahead of IPO
The company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even as its revenue doubled to $1.54 billion.
WeWork’s lofty valuation causes landlord envy, reaffirms scepticism
Should The We Company follow through with an IPO by year end after filing preliminary paperwork, it would likely be the largest IPO in 2019 after Uber
