Bloomberg: WeWork floats “governance change” to salvage IPO

Bloomberg: WeWork floats “governance change” to salvage IPO

As per Bloomberg: WeWork desperately scrambles to salvage an IPO being spurned by the investing public by floating a “governance shakeup” although any reforms would still leave Neumann with total control over what happens because of the share structure. Also, the article opines that nobody is sure what governance changes remain to be made, given that “The company already has taken some steps, such as adding a woman to its board and having Neumann return…

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Unicorns Jump The Shark: WeWork IPO In Danger of being Shelved

Unicorns Jump The Shark: WeWork IPO In Danger of being Shelved

For some reason the investing public seems to be giving the WeWork IPO a suboptimal reception. After multiple reductions in the IPO sticker price, from 40B down to 20B and now perhaps even less, the lead investor Softbank is recommending that the IPO be shelved. For some reason when the CEO cashes out 700 million ahead of the IPO in a company whose¬†losses exceed total revenues people aren’t overly eager to put in more money….

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