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WeWork says it's going public

Source: Getty Images

WeWork announced on Monday that it confidentially filed IPO registration paperwork with federal regulators last December, and an amended filing more recently. Axios has learned that the co-working giant has not yet picked bankers, and that the offering is likely to occur in the third or fourth quarters of 2019.

Why it matters: This would be one of the year's most controversial mega-IPOs, as WeWork is a "love it or hate it" sort of company among investors. One person close to the company told Axios that it could become the second-most shorted stock, behind Tesla.

Go deeper: WeWork doubled revenue and loss in 2018