WeWork yesterday slammed the brakes on its beleaguered IPO, with sources saying that the process should resume in mid-to-late October. Who's at fault? …
The Full Story: WeWork's Stalled IPO
With a $47 billion valuation in tow, WeWork's parent company marched towards the public market in a bid to raise up to $1 billion. But investor concerns about its financials and corporate governance have halted its IPO. Skepticism remained even after WeWork enacted reforms and significantly slashed its valuation. Further reporting about the company has uncovered less flattering details about its CEO and co-founder Adam Neumann. Here's what we know about the company's financials, management, and what happens next.
• WeWork shelved its IPO until later this year due to a lack of investor interest, according to Reuters.• The shared-workspace provider is battling growing doubts about its path to profitability, valuation, and CEO Adam Neumann.• Here's what went wrong.• Read all of BI's WeWork coverage here. WeWork …
In early January, employees of the We Company, formerly known as WeWork, gathered in Los Angeles for its annual summit. As with many of the company’s …
WeWork, the shared office space giant, gained the backing of some of the world’s top investors, but it received a much colder reception when it tried to sell its shares on Wall Street. Facing deep skepticism about its business model and corporate governance, the company has delayed its initial …
WeWork's Problems
WeWork's hopes for a seamless IPO process were dashed following revelations from its S-1 filing: a look at why investors became reluctant to cash in, stalling all progress.
The Numbers Behind WeWork
Pull back the curtain and look at the financial performance of WeWork's parent company.
The co-working giant’s real product isn’t office space — it’s a new kind of “corporate culture.“
His office-rental giant WeWork was months away from being valued at $47 billion. Revenue was doubling annually. And Mr. Neumann was zipping across the Atlantic Ocean in a Gulfstream G650 private jet with friends last summer, smoking marijuana. After the group landed in Israel and left the plane, the …