July 19 - 12:07
WeWork CEO cashes in $700 million ahead of IPO
Adam Neumann has cashed out more than $700 million from the company ahead of its IPO through a mix of stock sales and debt, according to the Wall Street Journal. The report noted that the sum is "unusually large", given that startup founders typically wait for the IPO to cash in holdings. Despite the sell off, Neumann will remain as the single largest shareholder in the company.
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