Jefferies slashed the value of its stake in WeWork by $146 million more than two weeks before its failed IPO

Jefferies slashed the value of its stake in WeWork by $146 million more than two weeks before its failed IPO

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  • Jefferies slashed the estimated value of its investment in WeWork by $146 million on August 31, more than two weeks before the shared-workspace group shelved its plans to go public.
  • The investment bank’s adjustment reflected a “significant dis…
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