Altss Research / Venture case 11
WeWork
WeWork emerged from Chapter 11 in June 2024 after a restructuring that reduced leverage by more than $4 billion and cancelled pre-existing equity interests.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$47bnWeWork’s company-issued funding announcement stated a $47 billion post-money valuation. This is a dated private financing benchmark, not a current value.
Restructuring
No sale priceEmergence from Chapter 11. Completed reorganization. Transaction counsel reported more than $4 billion of leverage reduction, cancellation of pre-existing equity interests, and conversion of specified claims into reorganized equity. No acquisition price or current valuation is assigned.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
SoftBank investment announced
WeWork announced a $6 billion investment comprising $5 billion of primary growth capital and $1 billion of secondary capital, including previously announced commitments.
Chapter 11 petitions filed
WeWork Inc. and certain subsidiaries filed in the U.S. Bankruptcy Court for the District of New Jersey and continued as debtors in possession.
Reorganization completed
WeWork emerged after plan confirmation on May 30, 2024. Secured creditors’ counsel described cancellation of pre-existing equity and more than $4 billion of leverage reduction.
Source documents
Publication and access dates identify the evidence used for this case.
WeWork / Business Wire via STT Info · Primary source · Published Jan 8, 2019 · Accessed Oct 26, 2026
WeWork / SEC · Primary source · Published Nov 7, 2023 · Accessed Oct 26, 2026
Davis Polk (counsel to secured noteholders) · Primary source · Published Jun 13, 2024 · Accessed Oct 26, 2026
WeWork / SEC · Primary source · Published Nov 15, 2021 · Accessed Oct 26, 2026