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WeWork Gave Founder Loans as It Paid Him Rent, IPO Filing Shows

Adam Neumann borrowed money from the company several times over the past few years, at interest rates as low as 0.64 percent.

WeWorks revenue from operational locations is scarcely higher than expenses for those locations.

In its IPO disclosures, WeWork revealed revenue of $1.54 billion and a net loss of $690 million in the first half of 2019.

Firms will have to make good on pledges if IPO hits $3 billion

Bermuda-based Borr Drilling Ltd. has launched an IPO in the United States of 5 million of its common shares on July 29.

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