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WeWork India's initial public offering received a 4% subscription on its first day, with retail investors at 14% and institutional buyers at 2%. The Rs 3,000-crore offer for sale, valued at Rs 8,685 crore, will conclude on October 7, with proceeds going to selling shareholders like Embassy Buildcon and WeWork Global. NEW DELHI: The initial public offering (IPO) of co-working space operator WeWork India Management Ltd received 4 per cent subscription on the first day of share sale on Friday. Th ...Read More >
MUMBAI: Flexible workspace pioneer WeWork India Management, which leads the segment in terms of revenue, has launched its Rs 3,000-crore secondary issue through the IPO route, pricing the offering, opening on October 3, at the Rs 615-648 range. Through the OFS, WeWork is selling 46,296,296 shares led by the promoter Embassy Buildcon which is selling 35,402,790 shares, while 10,893,506 shares are being sold by 1 Ariel Way Tenant which is an investor. The company is majority-owned by the develop ...Read More >
Co-working major WeWork India will launch its IPO on October 3. The issue size is estimated at Rs 3,000 crore. Bidding for anchor investors opens on October 1. The offering is entirely an Offer for Sale. Embassy Buildcon and WeWork Global will offload shares. WeWork India itself will not receive any proceeds. Co-working major WeWork India is gearing up to launch its initial public offering (IPO) on October 3, with people aware of the matter pegging the issue size to nearly Rs 3,000 crore. The ...Read More >
WeWork India gets the green light from SEBI for its initial public offering. The IPO involves an offer for sale of over 43 million equity shares. Embassy Buildcon LLP and 1 Ariel Way Tenant Limited are the selling shareholders. JM Financial and ICICI Securities are among the book running lead managers. WeWork India Management Limited (WeWork India), one of India's leading flexible workspace operators, has received approval from the Securities and Exchange Board of India (SEBI) for its initial p ...Read More >
WeWork India's public issue is back on track. The Securities and Exchange Board of India (SEBI) has removed the coworking major's draft IPO papers from its abeyance list and is now actively re-evaluating the company's DRHP, according to an update on SEBI's website. This development comes more than three months after the regulator had put the listing bid on hold. In SEBI parlance, keeping a DRHP "in abeyance" typically signals a pause pending further clarification, investigation, or regulatory a ...Read More >
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