Exclusive: WeWork considers dramatic valuation cut in IPO
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(Reuters) - WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion (8.04 billion pounds) and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.Were the We Company to press on with the IPO at such a low valuation, it would represent a major turning point in the venture capital industry's growth over the last decade, that has led to the rise of startups such..