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Why did Wework or the We company assumed that they were originally worth $48 billion in company value? did the company ever go public? Was

Why did Wework or the "We company" assumed that they were originally worth $48 billion in company value? did the company ever go public? Was the underwriter bank at fault for overvaluing Wework company or was it the company themselves that overvalued their own company? If there are existing investors in Wework company are they angel investors or venture capitalist?

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