Startups

WeWork is just one of the businesses owned by the $47 billion company that just filed for its IPO — check out the full list

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We Company
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The company that operates WeWork's cache of millennial-attracting co-working spaces publicly filed its IPO paperwork on Wednesday.

The We Company, last valued at $47 billion, confidentially filed to go public in December. Its IPO has been highly anticipated by high-stake investors like SoftBank and others in the tech industry curious to see the company's financials and its plan to turn the money-losing business into a sustainable and profitable enterprise.

Under CEO Adam Neumann, the We Company has invested in a bizarre range of projects, from turmeric coffee creamer to wave pools. The company itself rebranded — from WeWork to We Company — in January so it could more easily organize and promote its offerings beyond shared office space.

These are the key consumer-facing businesses under The We Company umbrella:

WeWork: "To create a world where people work to make a life, not just a living."

FILE PHOTO: A woman exits a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo
A woman exits a WeWork coworking space in New York Reuters

WeWork provides co-working desk space in commercial buildings in more than 120 cities in nearly 40 countries. Available to businesses and individual workers, WeWork spaces are used by major companies around the world (including Business Insider in San Francisco). WeWork is reportedly planning to soon buy its own buildings instead of subleasing space from other people's buildings.

WeWork's success has spawned many other coworking companies, from female-oriented startup The Wing to spiritual wellness-centric business The Assemblage.

WeLive: "To build a world where no one feels alone."

WeLiveWeWorkWallStreet (44 of 47)
Harrison Jacobs/Business Insider

WeLive runs co-living spaces that are home to residents living in their own apartments — options range from Murphy bed studios to four-bedroom suites — with their own bathrooms and kitchens. The WeLive residences also have perks to help put the "community" feel into the spaces: There are shared common areas, like game rooms and lounges, and offered activities such as morning yoga and happy hours.

These WeLive spaces are tailor-made for students and startup founders who want to live among the high-rent cities of New York and Silicon Valley, but need somewhere they can afford. Residents have the option to rent rooms for anywhere from a few nights to a few months at a time.

Since 2016, WeLive has run two group-living spaces in New York City (on Wall Street) and Arlington, Virginia's Crystal City — the neighborhood home to Amazon's new HQ2 headquarters. It plans to open more in the future, the company said in its IPO paperwork.

In its S-1 paperwork, The We Company described it as "[applying] the WeWork formula of blending space, design, community and technology to living. WeLive offers beautifully designed, fully furnished and serviced short- and long-term stay apartments and hotel rooms. WeLive integrates the benefits of our global community through a broad set of technologies. We seek to transform the housing and hotel model of yesterday into a flexible and community-driven experience for today. We strive to create a convenient, comfortable and connected space with everything you need to live, work and play in a single location."

WeGrow: "To unleash every human’s superpowers."

wework school wegrow 1
WeWork

WeGrow is in charge of running elementary-level "micro-schools" that have a focus on entrepreneurship, and operate out of WeWork spaces. Since announcing its plans for WeGrow schools in 2017, only one school is in operation, located at a WeWork in New York's Chelsea neighborhood.

The WeGrow school is designed to be incredibly different than a traditional elementary school. At the New York location, the school curriculum includes an indoor classroom with a tree house and vertical farm; one day a week spent at a farm upstate to harvest crops; and mentorship programming and master classes from WeWork adults.

The admission process into WeGrow schools is similar to that of a private school, complete with an application and parent interview. School-year admission ranges from $22,000 for two-year-olds, to $42,000 for children ages five to 11.

"Learning is a lifelong process and we believe that education should not be limited to traditional options," the company wrote in its S-1. "WeGrow is an independent elementary school focused on supporting the growth of children's minds, bodies and souls through an integrated curriculum."

It also suggested it could open more location, describing the Chelsea site as its "first," and hinted at expanding in other ways: "We also expect to expand our education and learning programs to broaden the reach of our grow mission."

WeGrow is currently a for-profit enterprise. At the time of the school's launch, a We Company representative told Fast Company that WeGrow could transition to become a non-profit "at some point in the future."

Rise by We: "To help people reach their greatest potential."

Gym, Rise by We
Sarah Jacobs/Business Insider

Rise by We is advertised as the We Company's "complete wellness experience" that goes beyond the simple offerings of a gym. The center, located at 85 Broad Street in New York, offers classes ranging from yoga and meditation to boxing and interval training. There's also a general workout area called "Turf" with typical gym equipment.

To add to the emphasis on "wellness," Rise by We also runs a "superspa" designed as a communal experience for members to lounge in a sauna, steam room, or mineral pool. Membership to Rise by We can cost anywhere from $35 a-la-carte classes to $199 a month for unlimited group classes and spa access, to $1200 a month for 12 one-on-one workout classes and spa access.

Rise by We is not mentioned by name in the company's S-1, but may be referenced obliquely. "We also expect to expand our nascent health and wellness programs to broaden the reach of our mission within our work and live spaces," it wrote.

Meetup: 'A self-service offering that connects people who share interests, seek to organize events, desire to learn new things'

Pokemon Go Meetup 1191
Sarah Jacobs

In late 2017, WeWork acquired Meetup — a platform for organising real-world events and meetups between people with similar interests.

"Meetup is a self-service offering that connects people who share interests, seek to organize events, desire to learn new things, or just want to do more of what they already love," The We Company's S-1 said. "On average over 12,000 Meetup events get self-organized every day, with over 1.1 million total Meetup events taking place at our locations in the six months ended June 30, 2019."

Over the years, the We Company has explored other ideas for expansion that have yet to take shape, from banking services to private yacht charters.

Adam Neumann WeWork CEO
WeWork CEO Adam Neumann. Getty

When the We Company announced its rebranding in January, the idea behind the new name was to allow the company "to encompass all aspects of people's lives, in both physical and digital worlds," Fast Company reported. The company revealed that a business plan back from 2009 teased expansions into brands like WeBank, which would provide financial and lending services, and WeSail, which would offer yachts for charter in the Caribbean.

It's unclear which of these ideas the We Company is still pursuing, and the company's S-1 does not directly mention WeBank or WeSail. A spokesperson for The We Company declined to comment about the expansions reportedly mentioned in its 2009 business plan.

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Rob Price was a senior correspondent at Business Insider, based in San Francisco. He wrote investigations and long-form features about platforms, people, and power in Silicon Valley.His stories variously led to attorney general investigations, large-scale internal reviews at major tech companies, high-profile personnel departures, citation by state and federal lawmakers, and the closure of a well-funded startup. His 2022 story on the Bitfinex hack is being adapted into a feature film, and in 2024 he received an SPJ NorCal Excellence in Journalism award for his reporting on AI and relationships.Rob's scoops and exclusive stories were cited by The New York Times, Bloomberg, the BBC, Associated Press, Reuters, CNBC, Politico, The Guardian, Axios, and many other national and international publications. His writing has also been published in or syndicated by The Washington Post, The Independent, Vice, Slate, and elsewhere, and he appeared on CNN, the BBC, CBS, Reuters, ABC Australia, and other broadcast media to discuss technology, business, and culture.He worked for Business Insider from 2015 to 2025. Prior to joining the features team, Rob covered Facebook and Silicon Valley, and before that wrote about tech business, policy, and the gig economy in London. Between September and October 2019, he was acting executive editor for Business Insider's UK bureau. He also sat on the board of directors for the San Francisco Press Club, the leading non-profit media advocacy group in the Bay Area, and was a volunteer crew member at the Marine Mammal Center, the world's largest animal hospital for marine mammals. You can contact Rob Price via email at robaeprice@gmail.com, or +1 650-636-6268 (Signal / WhatsApp / Cell). Selected stories:— They spoke out against their employer. Then they were hit with trade secrets suits. The rise of 'shadow stand-ins'App, Lover, Muse: Inside a 47-year-old Minnesota man's three-year relationship with an AI chatbotDeel Speed: The inside story of a $12 billion HR startup's breakneck growthPrivate islands, flying cars, and psychedelic parties: Inside the wild post-Google lives of Larry Page and Sergey Brin'I want your Instagram account': First came the threatening texts, followed by the SWAT teams. Then someone wound up dead.Inside Iconiq: How Mark Zuckerberg's banker built a secret Silicon Valley empire and made billionsGaia was a wildly popular yoga brand. Now it's a publicly traded Netflix rival pushing conspiracy theories while employees fear the CEO is invading their dreamsA drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office. Personal aides are speaking out about claims that household staff endured sexual harassment and racism from their colleagues.
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