First wave of Utah WeWork flex workspace opens for business

LEHI — While turbulent waters continue to swirl ahead of an expected IPO, flex workspace behemoth We Company is set to open the first of four, expansive new office facilities in Utah on Monday.

The nine-year-old New York City-based company, which rebranded earlier this year from WeWork (now a division) to We Company, has piled up some $13 billion in venture backing since its launch, mostly from Japanese multinational SoftBank Group. The financing has driven growth that's helped the company put 485 flex/co-working facilities into 105 cities in 28 countries.