# WeWork: Emergence from Chapter 11

WeWork Inc. (restructuring debtor); predecessor WeWork Companies Inc. · United States · Flexible workspace

Evidence reviewed Oct 26, 2026. Historical event record.

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.

## Historical private valuation

$47bn · Jan 8, 2019

WeWork’s company-issued funding announcement stated a $47 billion post-money valuation. This is a dated private financing benchmark, not a current value.

[WeWork / Business Wire via STT Info](https://www.sttinfo.fi/tiedote/69849494/wework-closes-6-billion-investment-from-softbank?publisherId=58763726)

## Documented event

Emergence from Chapter 11 · Jun 11, 2024

No transaction price shown. 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.

[Davis Polk (counsel to secured noteholders)](https://www.davispolk.com/experience/wework-emerges-chapter-11)

## What changed

A surviving operating business can have a very different capital structure from the company financed by earlier venture investors. The reorganization exchanged specified debt and financing claims for new equity; it did not constitute a sale of the entire business for the amount of new financing.

## Timeline

### Jan 8, 2019 — 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.

[WeWork / Business Wire via STT Info](https://www.sttinfo.fi/tiedote/69849494/wework-closes-6-billion-investment-from-softbank?publisherId=58763726)

### Nov 6, 2023 — 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.

[WeWork / SEC](https://www.sec.gov/Archives/edgar/data/1813756/000119312523271902/d522028d8k.htm)

### Jun 11, 2024 — 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.

[Davis Polk (counsel to secured noteholders)](https://www.davispolk.com/experience/wework-emerges-chapter-11)

## Disclosed investors

Historical funding participation; not current ownership or investor losses.

- SoftBank Group — [WeWork / Business Wire via STT Info](https://www.sttinfo.fi/tiedote/69849494/wework-closes-6-billion-investment-from-softbank?publisherId=58763726)

## Sources

- [WeWork Closes $6 Billion Investment from SoftBank](https://www.sttinfo.fi/tiedote/69849494/wework-closes-6-billion-investment-from-softbank?publisherId=58763726) — WeWork / Business Wire via STT Info; published Jan 8, 2019; accessed Oct 26, 2026; primary source.

- [WeWork Inc. Form 8-K: voluntary petitions for bankruptcy](https://www.sec.gov/Archives/edgar/data/1813756/000119312523271902/d522028d8k.htm) — WeWork / SEC; published Nov 7, 2023; accessed Oct 26, 2026; primary source.

- [WeWork emerges from chapter 11](https://www.davispolk.com/experience/wework-emerges-chapter-11) — Davis Polk (counsel to secured noteholders); published Jun 13, 2024; accessed Oct 26, 2026; primary source.

- [WeWork historical legal-entity reorganization disclosure](https://www.sec.gov/Archives/edgar/data/1813756/000119312521329427/d234353dex993.htm) — WeWork / SEC; published Nov 15, 2021; accessed Oct 26, 2026; primary source.

[Methodology](https://altss.com/unicorn-tracker/methodology) · [All cases](https://altss.com/unicorn-tracker)