We joined CNBC Asia on Monday, August 26 to discuss WeWork’s business and valuation.

Watch the CNBC Interview

After reviewing WeWork’s (WE) recently filed S-1, we’re calling this IPO the most ridiculous of 2019. Between its overly risky business model, questionable corporate governance, and huge cash flows losses, many analysts have wondered if this IPO can justify anything close to the current valuation. 

We use our reverse discounted cash flow (DCF) model to propose a more reasonable valuation for the firm.

This article originally published on August 27, 2019.

Disclosure: David Trainer, Sam McBride, and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.

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