WeWork India eyes 20% revenue growth, IPO on October 3

Co-working spaces provider WeWork India is aiming for a revenue growth of over 20 per cent for the coming years, even as its initial public offering (IPO) with only an offer for sale (OFS) component gets valued at %3,000 crore at the top of the price band.

- PRACHI PISAL

The IPO opens on October 3, a newspaper advertisement said.

“Over the last few years, we have seen 20-25 per cent revenue growth, over 30 per cent growth in earnings before interest, taxes, depreciation, and amortisation (Ebitda). Even from a capacity standpoint, over the last three years, we've added roughly 20 per cent capacity year-over-year (Yo-Y). It will just follow a very similar trend,” said Karan Virwani, managing director and chief executive officer, WeWork India.