WeWork India Management gets SEBI`s nod for IPO
WeWork India Management has received Securities and Exchange Board of India’s (SEBI) go-ahead to raise funds through initial public offering (IPO). The company’s IPO is entirely an Offer for Sale (OFS) of equity shares of up to 4.37 crore equity shares.
The object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges. JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital Company and 360 ONE WAM are the book- running lead managers to the issue.
Launched in 2017, WeWork India Management is a leading premium flexible workspace operator in the country. It provides flexible, high-quality workspaces to customers, which include companies of all sizes--large enterprises, small and mid-size businesses, startups, as well as individuals.
