The We Company, formerly WeWork, was founded in 2010 by Adam Neumann, Rebekah Neumann, and Miguel McKelvey. The company cancelled its planned IPO in September 2019 and has not officially endorsed a plan to participate in one in the future.
The We Company originally operated as the sharing economy’s answer to office space leasing. Since then, the company has launched business lines to address space needs for residential businesses, schools, and gyms, among others. The company has raised over $7 billion in equity financing from investors including SoftBank, Catalyst Investors, Legend Holdings, Troy Capital Partners, Goldman Sachs, Benchmark, Harvard Management Company, JPMorgan Chase, Fidelity, MassMutual, and T. Rowe Price. It has been widely reported that We last raised $2.5 billion in October 2019 at a post-money valuation of under $8 billion.