WeWork delays IPO again
The U.S. office-sharing startup was getting ready to launch an investor road show for its IPO this week but made a last-minute decision on Monday to stand down, citing a faltering investor interest.
The listing of WeWork's parent firm may be delayed until the end of the year
Stocks impacted: The We Company
In particular, there are concerns from investors over how much the company is actually worth and lingering questions about its corporate governance. There is also uncertainty about how The We Company identifies itself, as it seems to straddle the line between being a technology startup and a real-estate company. The company was eyeing a valuation of about $20 billion in its initial public offering, while its most recent private valuation is at $47 billion.
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