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WEWORK — Wework India Management News Story

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FinancialsAdventurousMid CapMomentum Trap

WeWork India Management falls 3% in trading debut

** Shares of WeWork India Management WEWO.NS settles 3% lower at 628.65 rupees in trading debut

** WEWO valued at 84.25 bln rupees ($950.1 mln) at close vs 86.85 bln rupees post-IPO

** Flexible workspace operator's 30-bln-rupee IPO was subscribed 1.15x

** Stock opened at 650 rupees, 0.3% higher than IPO price of 648 rupees

** Trading volume at 7.1 mln shares

** IPO comprised sale of 35.4 mln shares by Embassy Buildcon LLP and 10.9 mln shares by 1 Ariel Way Tenant

($1 = 88.6790 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))

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