WeWork intends to hire JPMorgan Chase and Goldman Sachs as listed underwriters

0
214

DoNews, Aug. 3 (Reporter to Mi) According to foreign media reports, people familiar with the matter revealed that WeWork will appoint JPMorgan Chase Bank and Goldman Sachs Group as the chief underwriters of its IPO next month, and will increase the underwriting rate of investment banks.
JPMorgan Chase is expected to take the lead of the lead underwriter, but the terms and levels of the investment bank underwriting services involved in WeWork’s listing have not been formally determined and may change at any time, according to people familiar with the matter.
WeWork’s IPO aims to raise about $3.5 billion and is expected to become the second largest public offering in the US capital market this year. As the company plans to raise $6 billion in debt after its successful IPO, its IPO underwriting fees have been rising in recent days.
Spokesmen for WeWork, JPMorgan Chase and Goldman Sachs declined to comment on the news. (End)