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WeWork's S-E Asia MD upbeat on Singapore ops, eyes growth in region

May 15, 2019 - The Straits Times (Singapore)

WeWork Singapore is operationally profitable and its focus is on growth in the region, said the co-working space provider's South-east Asia managing director Turochas Fuad.

He was responding to questions on WeWork's valuation and profitability, amid recent news of the United States company filing for an initial public offering (IPO) that may be one of the largest this year.

Sceptics remain unconvinced by its US$47 billion (S$64 billion) valuation and the profitability of its space-...