This company, valued at $50 billion once, crashed and burned in the US. But its Indian counterpart is now preparing for an IPO! Yes! But how did this even happen? In 2023, WeWork Inc. filed for bankruptcy. But in India, it’s gearing up for an IPO. The question is–who would invest in a failed business? Well, in India WeWork works as a joint venture with the Embassy group, with EG holding the major 73% stake. And it played smart unlike its global parent. It partnered with landlords for a revenue sharing model and targeted the bigger enterprises in Tier-1 markets that would lease space for longer duration. It gained profit for the first time in 2024 since its launch in India. But here’s the catch–the IPO is an Offer for Sale (OFS), meaning no fresh capital will be raised. Existing investors are cashing out, raising the question–If the business is so strong, why are they leaving? And without fresh capital, how will it fund its future growth? Curious? Read the full story in today's newsletter and follow Finshots for more! https://bit.ly/40ObKdm