WeWork Is Valued 10 Times Greater Than This Profitable, Public Rival

Investors and analysts are looking at the rocky experience of a WeWork rival that went public nearly 20 years ago for insight into what could lie ahead for the New York-based co-working company.

WeWork’s parent, We Co., last week released papers for its initial public offering, which could price by next month. Unlike Lyft Inc., Snap Inc. and a number of other startups that have gone public recently, We Co. already has a public competitor with a similar business model in IWG PLC.