Elliot Brown

speaker

33 appearances 1 recordings 1 series first heard May 2019 last heard May 2019

Elliot Brown’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Can WeWork's IPO Raise Enough Cash? · 1 May 2019 podcast

And that is an enormous amount of money.

So it would be an either or.

If you did an IPO and if investors are into the story and

believe in the valuation, then yes, the IPO would be the place that you'd get a bulk of that funding.

You could also get debt from banks, which they've done a little of, and the bonds haven't performed terribly well, because these are sort of debt in bond form.

That said, if investors don't bite on the IPO side, then they absolutely will need more funding from other sources.

That we don't know.

This really sort of caught us by surprise.

There had been rumors that they were going to file or had filed, but we never could track it down.

And investors were caught off guard as well in the company.

So we're still just getting some basic information here.

And they announced this sort of to the shock of reporters who cover them.

Thanks for having me.

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