September 17 - 14:09
58D
WeWork delays IPO having failed to interest investors
WeWork is expected to postpone its IPO to at least next month - having failed to garner interest from investors. The company was initially valued at $47 billion but has recently had that figure slashed to $20 billion amid operating losses and corporate governance issues. Even with the support of Softbank - its biggest investor - it would've fallen short of its evaluation by just over $2 billion.
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