WeWork would go public with huge liabilities, thanks to $34 billion in lease obligations that now count as debt
As WeWork Cos. prepares for an initial public offering, it has accumulated a mounting pile of debt and financial obligations that could concern potential investors.
The co-working firm had about $34 billion in lease obligations at the end of 2018, up from $18.2 billion a year earlier, according to people familiar with the company’s financials.
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