I left WeWork a while ago, still holding this account. I can purchase a couple hundred shares at around 22$ apiece. I’d write a check for ~2500 in total. Should I do it? Everyone is telling me the stock is gonna be shite soon as they go public. Unless there’s an obvious upside (I don’t know shit about stocks, excuse my ignorance)
Yes buy it
To the “yes” answers: why?
Stock pre ipo is sold to employees at a discount usually .
$22 share. Assuming their current valuation is a FMV of $65 a share or so even if they IPO and drop to 50% of their current FMV privately, you’re still getting a 50% ROI. Now, the issue is when they IPO. Rumor has it they’re getting another round of funding from SoftBank who’ll take a majority stake and may not want to IPO for years... Which means you either need to wait for a stock buyback or sell on a secondary market.
Buy it
Google it