Newsletter
WeWork India is set to launch its IPO on October 3, with issue size to be nearly ₹3,000 crore.
WeWork India, launched in 2017, offers premium flexible workspace solutions, supporting enterprises, SMBs, startups, and individuals across India’s growing sector.
What’s happening: the proposed IPO is an offer for sale of up to 4.63 crore equity shares. Shares will be sold by promoter group firm Embassy Buildcon and investor 1 Ariel Way Tenant, part of WeWork Global. WeWork India had filed its draft papers for the IPO in early February.
The IPO comes as coworking spaces see a strong comeback, fueled by companies adopting hybrid work after years of remote setups. Once listed, WeWork India will compete directly with Smartworks Coworking Spaces and Awfis Space Solutions.
