WeWork India IPO subscribed 7% on Day 2

WeWork India’s IPO garnered 7% subscription on the second day, indicating cautious yet steady investor interest. The subscription data suggests a wait-and-watch approach by institutional and retail investors, reflecting concerns about the company’s global legacy versus its local growth potential. This IPO is critical for WeWork India’s capital structure and market positioning, especially after global parent WeWork’s financial troubles. The case exemplifies the challenges faced by companies with global brand baggage in securing investor trust while complying with SEBI’s IPO regulations.