The We Company (WE) seems determined to proceed with its planned IPO despite a significantly reduced valuation compared to the last private funding rounds. This could create quite some trouble for its biggest investor, Japanese telco operator turned investment company SoftBank Group Corp. (SFTBF;SFTBY).
SoftBank faces the dilemma of considerable paper losses in the case of an IPO or the need to provide significant amounts of fresh capital if the offering were cancelled. I alluded to this problematic in a previous article. Just hours after publication, first reports