The shared-space rental company is planning to raise US$3 billion to US$4 billion in the next few months, according to The Wall Street Journal’s sources, in a debt facility that could increase to US$10 billion in the coming years. It would be separate from any money raised through the firm’s planned IPO; it could also raise more money through the debt-financing agreement than the IPO itself. The company is looking to put the facility in place before its IPO later this year or early 2020. (Wall Street Journal)

Talking point: The raise is part of WeWork’s plan to differentiate its future IPO from other disappointing public offerings this year from money-losing firms like Lyft and Uber. It’s also to make up for a failed investment from SoftBank, which was planned to be US$16 billion, but was cut to US$2 billion after a global fall in stocks and concerns from key investment partners that the firm was overvalued and losing money, as the deal would have given SoftBank a majority stake in WeWork. That reduction meant WeWork had to make new fundraising plans so it could keep expanding at its current pace. Expansion has been the main source of losses for the company, which made US$1.8 billion in revenue in 2018 but lost US$1.9 billion the same year.