Hacker News new | ask | show | jobs
by beering 2446 days ago
Matt Levine made the point that to get chosen as one of the IPO banks, you had to pitch to WeWork that you could get them a good-yet-plausible valuation. I.e., take what their last (private) valuation was, and bump it up by a decent amount. Once you're selected, of course, then reality can take over.