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Fidelity cut WeWork valuation…in March

In March, Fidelity reduced the value of the Contrafund’s WeWork stake by more than a third, according to regulatory filings. That suggested a total market value of about $18.3 billion, compared with $27.9 billion under Fidelity’s previous estimate.
-- Miles Weiss, Bloomberg

The (WeWork? WeCo? I can't keep up!) IPO is now generally thought to go public at a sub-$20 billion valuation, with a lot of $15 billion numbers being thrown around, this week. It looks like whoever bought shares from Fidelity back in March, already had this all figured out. My guess? Scott Galloway (I kid, I Kid!).

-- Scrib