The We Company files initial paperwork for an IPO

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The We Company CEO Adam Neumann (Credit: Getty Images and iStock)

The We Company CEO Adam Neumann (Credit: Getty Images and iStock)

The We Company, formerly known as WeWork, submitted a filing with the U.S. Securities and Exchange Commission that would allow it to go public, the company announced in a press release.

Adam Neumann, the company’s CEO, said he had been celebrating his birthday when he decided to file the paperwork that would allow the company to become public, stating that it was “part of keeping all options open.”

In an internal memo to employees, Neumann wrote that, “As one of the world’s largest physical networks, it is our responsibility to help lead the way and set the global example for people and corporations on how we should take care of each other and of our planet.”

Neumann said there is no timeline for an IPO, and is restricted from discussing the matter further.

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