WeWork’s parent company is reportedly delaying its idiotic IPO plans

WeWork’s parent company is reportedly delaying its idiotic IPO plans
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-9-17 10:21

The Wall Street Journal reports that The We Company, which owns co-working space provider WeWork, is putting its plans for an IPO on hold. Finally, good sense prevails at the firm. The real estate company had achieved a private valuation of $47 billion back in January, but that’s since been cut down to $10 billion.

As if it isn’t alarming enough that it’s now estimated to be worth close to a mere fifth of its January figure, it’s worth noting the $10 billion valuation is less than the $12 billion it raised over the years. WeWork is expected to postpone…

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