Soho House says it may go private after short seller slams publicly traded company
NY Post
Soho House may take the members-only clubs private after a short seller doubled down on a declaration that the publicly traded company won’t turn a profit.
The evaluation by GlassHouse Research, released Wednesday, compared Soho House to now-defunct WeWork.
The report gave the New York-based company — which has more than 40 outposts around the world — a price target of zero.
Soho House said it “fundamentally rejects” the report, noting that it “contains factual inaccuracies, analytical errors and false and misleading statements.”
However, the company told The Post it “formed an independent Special Committee of the Board,” which will “evaluate certain strategic transactions” and may result in the company becoming private.
The rebuttal didn’t deter GlassHouse from maintaining its bearish outlook on Soho House.
