WeWork files for IPO amid investor skepticism over deep losses

Office rental company filed for initial public offering, publishing statements showing loss of almost $700m in the first half of 2019

WeWork, a company that has shaken up the sleepy world of office rentals by adding a hipster aesthetic and beer taps to office life, became the latest Silicon Valley "unicorn" to file for an initial public offering (IPO) on Wednesday, revealing huge losses and rapid growth.

The nine-year-old company now runs offices in 111 cities worldwide with 527,000 members paying fees for access to a shared workspace in 29 countries across the world.