Latham Advises on WeWork India’s US$338 Million IPO

Latham & Watkins has advised the joint book-running lead managers on the US$338 million initial public offering of WeWork India on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited were the joint book-running lead managers on the transaction.

The Latham team was led by Singapore partner Rajiv Gupta and Hong Kong partner Dominik Sklenar, with Singapore associate Zheyi Feng. Advice was also provided on tax matters by Chicago partner Rene de Vera and New York partner Aaron Bernstein, with Chicago associate Jay Khurana.

About WeWork India

Launched in 2017, WeWork India is a leading premium flexible workspace operator in India, with a significant role in the growth of the flexible workspace sector and the evolution of its products and services. The company is majority owned and promoted by Embassy Group, one of India’s leading real estate developers. WeWork focuses on leasing buildings from landlords, completing fit-outs, and transforming spaces into fully managed, modern, tech-enabled, and productive offices.

About Latham’s India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.