WeWork filed for an IPO late in 2019, but since then it’s gone downhill quick.
Since WeWork filed for IPO:
- It’s valuation was cut from $40 billion to $10 billion
- Adam Neumann stepped down as CEO
- Softbank, an original investor, has taken over WeWork with another $1.7 Billion golden parachute
- In November, WeWork laid off 2,400 employees
So right now, WeWork is in a bad situation.
However, this doesn’t mean the IPO is completely off. If WeWork goes public, it will most likely be in 2021 or beyond.
If you want to stay updated with this initial public offering, then please join the WeWork IPO Wait List. Thousands of investors are already waiting for upcoming IPOs.
Have a great day,