The We Company is preparing for an initial public offering.<br />Business Insider reports the IPO will be backed by SoftBank, the managed office company was last valued at $47 billion.<br />Like other companies going public, the company is losing billions.<br />Last year, both its revenue and losses doubled.<br />CEO and cofounder Adam Neumann has been in the spotlight for his unusual pitches, accounting methods, and potential conflicts of interest. <br />
