: Schwarzman Says WeWork Valuation Puzzling
Steve Schwarzman said he was puzzled by the high valuation of WeWork, comparing it to a similar company that Blackstone Group Inc. owned that was “worth a few billion dollars.”
Hearing about WeWork’s pre-initial public offering value, Schwarzman said: “I sort of went, what? How do you get this? It doesn’t seem right to me given what they’re doing,” adding that he hasn’t studied WeWork. He didn’t name the company Blackstone owned.