WeWork to test IPO investor appetite with widening losses

By Joshua Franklin, Manas Mishra and Herbert Lash (Reuters) - WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, money-losing start-ups, at a time when global concerns about the potential for recession and the trade war between the United States and China are fuelling stock market volatility. Other high-profile IPOs this year, such as those of ride-hailing start-ups Uber Technologies Inc and Lyft Inc , have fared poorly after their launch, amid investor scepticism over their lack of a concrete plan to profitability

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