• Triton

Uber's IPO Raises Questions for WeWork

In his article today for Bloomberg, Drew Singer quoted Triton's note to subscribers on the comparisons that can be drawn between Uber and WeWork. "Two points make a line. WeWork recently announced it had filed to go public later this year and we can now safely wonder if they will have the courage to go through with it." In his article, Singer says "Triton warns that WeWork Cos.’s loss profile is even worse than Lyft’s and more closely resembles that of another doomed IPO -- Snap Inc. WeWork 'may need a new plan' after Uber proved investor appetite for these types of listings is weaker than expected. Airbnb Inc. could also fall into this category." Full article on Bloomberg - HERE