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Workspace provider Wework receives SEBI nod for its IPO debut

  • Workspace provider WeWork has received SEBI's approval for its initial public offering (IPO) debut.
  • The IPO consists of an Offer for Sale (OFS) of equity shares totaling up to 43,753,952 equity shares, with Embassy Buildcon LLP and 1 Ariel Way Tenant Limited as selling shareholders.
  • Book Running Lead Managers for the issue include JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited.
  • WeWork India has established strong relationships with global brands like Amazon Web Services, JP Morgan, Warner Bros. Discovery, Deutsche Telekom, and Grant Thornton, positioning itself as the exclusive licensee of the WeWork Brand in India.

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