Arab Israeli Conflict
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Hi Tech News
WeWork, whose parent We Company lost $1.9 billion in 2018, had hoped to raise at least $3 billion in the abandoned IPO and borrow a further $6 billion in a loan from banks.
The company was valued at the beginning of the year at $47 billion, but that figure has fallen to about $15 billion.
As the day wore on, it was clear that stocks and share prices were on the rise with share sales closing on Thursday at $39.90.
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