As WeWork Grew, Wall Street Lent It Money and Credibility

As WeWork Grew, Wall Street Lent It Money and Credibility

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(**)Banks jockeying for a role in WeWork’s public debut wooed founder Adam Neumann with sky-high valuations that would make him a billionaire many times over. Their loans to the company told a different story.(***) (**) JPMorgan Chase & Co., Goldman Sachs Group Inc. and other banks arranged giant fees and strict protections that reflected their concerns about WeWork’s unproven business model and Mr. Neumann’s unpredictable behavior.(***) (**)When…
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